Connor Clark & Lunn Investment Management Ltd. Purchases 34,213 Shares of Liberty Global PLC $LILAK

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly increased its stake in Liberty Global PLC, raising it by 519.5% after acquiring 34,213 additional shares, bringing its total holdings to 40,799 shares valued at approximately $253,000.
• Liberty Global reported a (-$2.12) earnings per share for the quarter, failing to meet analysts' expectations, with a revenue of $1.09 billion compared to the estimated $1.11 billion.
• Analysts have downgraded Liberty Global's stock rating from "buy" to "hold," with a consensus target price set at $7.90, indicating a cautious outlook for the company's performance.

Connor Clark & Lunn Investment Management Ltd. raised its stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 519.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,799 shares of the company's stock after acquiring an additional 34,213 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Liberty Global were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in Liberty Global by 12.6% in the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock valued at $13,151,000 after acquiring an additional 236,356 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Liberty Global by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company's stock valued at $24,857,000 after acquiring an additional 72,802 shares during the last quarter. Fourth Sail Capital LP bought a new stake in Liberty Global in the 1st quarter valued at $15,734,000. New Age Alpha Advisors LLC increased its holdings in Liberty Global by 419.1% in the 1st quarter. New Age Alpha Advisors LLC now owns 33,662 shares of the company's stock valued at $209,000 after acquiring an additional 27,177 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Liberty Global by 79.5% in the 1st quarter. Mackenzie Financial Corp now owns 150,990 shares of the company's stock valued at $938,000 after acquiring an additional 66,875 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Stock Performance

Liberty Global stock opened at $7.97 on Thursday. The company's 50-day moving average price is $6.70 and its 200-day moving average price is $6.19. Liberty Global PLC has a twelve month low of $4.23 and a twelve month high of $10.67. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The company has a market cap of $1.59 billion, a PE ratio of -1.34 and a beta of 0.95.

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

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 given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.

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