Liberty Global PLC (NASDAQ:LILAK) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 23.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,344,796 shares of the company's stock after selling 723,183 shares during the quarter. DAVENPORT & Co LLC owned about 1.19% of Liberty Global worth $14,561,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its position in Liberty Global by 8.0% in the 4th quarter. Principal Financial Group Inc. now owns 68,880 shares of the company's stock worth $437,000 after purchasing an additional 5,109 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Liberty Global in the 4th quarter valued at $209,000. SBI Securities Co. Ltd. purchased a new stake in Liberty Global during the fourth quarter worth $159,000. Charles Schwab Investment Management Inc. grew its position in Liberty Global by 28.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock valued at $24,916,000 after buying an additional 869,420 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in Liberty Global in the fourth quarter valued at $126,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Liberty Global from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

Liberty Global Price Performance

Shares of LILAK stock traded up $0.10 during trading hours on Friday, hitting $6.60. 1,033,112 shares of the company's stock were exchanged, compared to its average volume of 966,187. 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 firm has a market cap of $1.32 billion, a P/E ratio of -1.64 and a beta of 0.95. The firm has a 50 day moving average of $5.45 and a two-hundred day moving average of $6.05. Liberty Global PLC has a fifty-two week low of $4.23 and a fifty-two week high of $10.93.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.55). Liberty Global had a negative return on equity of 44.60% and a negative net margin of 17.85%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Insider Activity

In other news, CFO Christopher J. Noyes purchased 8,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average price of $4.53 per share, with a total value of $36,240.00. Following the purchase, the chief financial officer directly owned 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Balan Nair acquired 22,779 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $4.39 per share, with a total value of $99,999.81. Following the transaction, the chief executive officer directly owned 1,651,001 shares in the company, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by corporate insiders.

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.