Deutsche Bank AG Boosts Stake in Liberty Global PLC $LILAK

Key Points

• Deutsche Bank AG increased its stake in Liberty Global PLC by 12.6%, owning approximately 1.08% of the company worth $13.15 million after acquiring an additional 236,356 shares during the first quarter.
• Several hedge funds have also significantly increased their holdings in Liberty Global, with Versant Capital Management Inc and GAMMA Investing LLC boosting their stakes by over 550% in the same period.
• Liberty Global's shares were recently downgraded from a "buy" to a "hold" rating by Wall Street Zen, as the company reported a substantial earnings miss with a net loss of $2.12 per share.

Deutsche Bank AG increased its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 12.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,117,792 shares of the company's stock after buying an additional 236,356 shares during the quarter. Deutsche Bank AG owned 1.08% of Liberty Global worth $13,151,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LILAK. Fourth Sail Capital LP bought a new stake in Liberty Global during the first quarter worth $15,734,000. Long Focus Capital Management LLC grew its stake in 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 valued at $19,239,000 after purchasing an additional 1,339,216 shares during the period. Hsbc Holdings PLC grew its stake in Liberty Global by 4,054.1% in the 4th quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock valued at $5,087,000 after purchasing an additional 789,932 shares during the period. Northern Trust Corp grew its stake in Liberty Global by 27.1% in the 4th quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock valued at $9,632,000 after purchasing an additional 324,018 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Liberty Global by 81.3% in the 4th quarter. Renaissance Technologies LLC now owns 664,352 shares of the company's stock valued at $4,212,000 after purchasing an additional 297,852 shares during the period. Institutional investors own 52.98% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.90.

Liberty Global Trading Down 0.2%

Shares of LILAK stock traded down $0.0150 during trading hours on Tuesday, reaching $8.0450. The company's stock had a trading volume of 234,584 shares, compared to its average volume of 1,195,615. The stock has a market capitalization of $1.61 billion, a P/E ratio of -1.36 and a beta of 0.95. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The firm's fifty day simple moving average is $6.60 and its 200 day simple moving average is $6.16. The company has a current ratio of 1.08, a quick 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 data 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). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

Liberty Global Company 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.