Charles Schwab Investment Management Inc. Buys 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 holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LILAK. Fourth Sail Capital LP bought a new stake in shares of Liberty Global in the 1st quarter worth about $15,734,000. Long Focus Capital Management LLC increased its holdings in shares of Liberty Global by 79.0% in the 4th 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 during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Liberty Global by 4,054.1% in the 4th quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock worth $5,087,000 after buying an additional 789,932 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Liberty Global by 41.3% in the 4th 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 during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Liberty Global by 27.1% in the 4th 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 during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Trading Up 1.5%

NASDAQ:LILAK traded up $0.12 during mid-day trading on Friday, hitting $8.13. 1,456,908 shares of the stock traded hands, compared to its average volume of 1,897,941. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -1.37 and a beta of 0.95. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The firm's 50 day moving average is $6.81 and its two-hundred day moving average is $6.21. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00.

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 the consensus estimate 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%.

Analysts Set New Price Targets

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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.