DAVENPORT & Co LLC decreased its holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 95.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 108,100 shares of the company's stock after selling 2,236,696 shares during the quarter. DAVENPORT & Co LLC owned 0.05% of Liberty Global worth $672,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Liberty Global by 577.2% in the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock valued at $73,000 after buying an additional 10,067 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Liberty Global during the 1st quarter worth about $121,000. Harbor Capital Advisors Inc. increased its position in shares of Liberty Global by 1,604.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 21,660 shares of the company's stock worth $135,000 after purchasing an additional 20,389 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Liberty Global during the 1st quarter worth about $140,000. Finally, Cullen Investment Group LTD. increased its position in shares of Liberty Global by 87.7% during the 2nd quarter. Cullen Investment Group LTD. now owns 32,100 shares of the company's stock worth $200,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Liberty Global Stock Down 3.5%
Shares of NASDAQ:LILAK opened at $7.75 on Friday. Liberty Global PLC has a 12 month low of $4.23 and a 12 month high of $10.67. The company's 50-day moving average price is $8.04 and its two-hundred day moving average price is $6.54. 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 $1.55 billion, a P/E ratio of -1.31 and a beta of 0.98.
Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) EPS 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on LILAK. Scotiabank increased their target price on shares of Liberty Global from $5.10 to $8.20 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $7.85.
View Our Latest Stock Analysis on Liberty Global
Liberty Global Profile
(
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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