DAVENPORT & Co LLC reduced its holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,344,796 shares of the company's stock after selling 723,183 shares during the period. DAVENPORT & Co LLC owned about 1.19% of Liberty Global worth $14,561,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quaker Capital Investments LLC boosted its stake in Liberty Global by 1.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,689,398 shares of the company's stock valued at $29,731,000 after buying an additional 53,341 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Liberty Global by 28.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock valued at $24,916,000 after acquiring an additional 869,420 shares during the last quarter. Long Focus Capital Management LLC increased its holdings in Liberty Global by 79.0% in the fourth quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock valued at $19,239,000 after purchasing an additional 1,339,216 shares during the last quarter. Deutsche Bank AG raised its holdings in Liberty Global by 41.3% in the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock worth $11,928,000 after purchasing an additional 549,884 shares during the period. Finally, Bridgeway Capital Management LLC lifted its holdings in shares of Liberty Global by 2.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,713,283 shares of the company's stock valued at $10,862,000 after purchasing an additional 45,635 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.
Get Our Latest Analysis on LILAK
Liberty Global Stock Up 1.5%
Shares of Liberty Global stock traded up $0.10 during trading hours on Thursday, reaching $6.60. The company's stock had a trading volume of 1,033,112 shares, compared to its average volume of 964,249. The company has a market capitalization of $1.32 billion, a P/E ratio of -1.64 and a beta of 0.95. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.93. The stock's fifty day simple moving average is $5.41 and its two-hundred day simple moving average is $6.05. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08.
Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Global had a negative net margin of 17.85% and a negative return on equity of 44.60%.
Insider Activity at Liberty Global
In other news, CFO Christopher J. Noyes acquired 8,000 shares of Liberty Global stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the transaction, the chief financial officer owned 231,621 shares in the company, valued at $1,049,243.13. The trade was a 3.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balan Nair bought 22,779 shares of Liberty Global stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the completion of the acquisition, the chief executive officer directly owned 1,651,001 shares in the company, valued at $7,247,894.39. This represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 9.66% of the company's stock.
About Liberty Global
(
Free Report)
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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