Charles Schwab Investment Management Inc. Purchases 72,802 Shares of Liberty Global PLC $LILAK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Liberty Global PLC by 1.9%, acquiring an additional 72,802 shares, bringing its total ownership to approximately 4 million shares valued at $24.9 million.
• Liberty Global recently received a downgrade from Wall Street Zen, changing its rating from "buy" to "hold," while analysts set an average price target of $7.90 for the stock.
• The company's recent earnings report showed a significant miss with a loss of $2.12 EPS against expectations of a $0.02 profit, highlighting challenges as it faced negative return on equity and margins.

Charles Schwab Investment Management Inc. lifted its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,002,780 shares of the company's stock after buying an additional 72,802 shares during the period. Charles Schwab Investment Management Inc. owned about 2.03% of Liberty Global worth $24,857,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Long Focus Capital Management LLC increased its holdings in shares of Liberty Global by 79.0% during the fourth quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock worth $19,239,000 after buying an additional 1,339,216 shares in the last quarter. Fourth Sail Capital LP acquired a new position in shares of Liberty Global during the first quarter worth $15,734,000. Deutsche Bank AG increased its holdings in shares of Liberty Global by 41.3% during the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock worth $11,928,000 after buying an additional 549,884 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Liberty Global by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,713,283 shares of the company's stock worth $10,862,000 after buying an additional 45,635 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Liberty Global by 27.1% during the fourth quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock worth $9,632,000 after buying an additional 324,018 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Trading Up 0.4%

Shares of Liberty Global stock traded up $0.03 during trading on Tuesday, hitting $8.29. The company's stock had a trading volume of 2,137,077 shares, compared to its average volume of 1,942,574. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -1.40 and a beta of 0.95. The stock has a 50-day moving average price of $6.91 and a two-hundred day moving average price of $6.23.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($2.14). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $7.90.

Liberty Global Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.