Empowered Funds LLC Cuts Stock Holdings in Liberty Global PLC $LILAK

Key Points

• Empowered Funds LLC has reduced its stake in Liberty Global PLC by 7.6%, selling 70,891 shares to hold 865,892 shares worth approximately $5.38 million.
• Multiple institutional investors increased their stakes in Liberty Global; notably, Harbor Capital Advisors grew its stake by over 1,600% in the first quarter.
• As of August 7, Liberty Global reported a quarterly earnings loss of ($2.12) per share, significantly below analysts' expectations, amid a negative net margin of 26.61%.

Empowered Funds LLC lessened its position in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 865,892 shares of the company's stock after selling 70,891 shares during the period. Empowered Funds LLC owned approximately 0.44% of Liberty Global worth $5,377,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LILAK. Northern Trust Corp increased its stake in Liberty Global by 27.1% in the fourth 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Liberty Global by 241.4% in the fourth quarter. BNP Paribas Financial Markets now owns 96,087 shares of the company's stock valued at $609,000 after buying an additional 67,943 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Liberty Global by 377.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 79,203 shares of the company's stock valued at $502,000 after buying an additional 62,601 shares during the period. Deutsche Bank AG boosted its holdings in shares of Liberty Global by 41.3% in the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock valued at $11,928,000 after buying an additional 549,884 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of Liberty Global by 1,341.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 198,882 shares of the company's stock valued at $1,261,000 after buying an additional 185,082 shares during the period. Institutional investors own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LILAK shares. Wall Street Zen cut shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. 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 report on Thursday, August 28th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Liberty Global has a consensus rating of "Hold" and an average price target of $7.85.

Liberty Global Stock Performance

NASDAQ:LILAK traded up $0.17 during mid-day trading on Wednesday, reaching $8.07. 122,203 shares of the company's stock were exchanged, compared to its average volume of 1,192,302. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The firm has a market capitalization of $1.61 billion, a PE ratio of -1.36 and a beta of 1.02. The business's fifty day simple moving average is $7.47 and its two-hundred day simple moving average is $6.34. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($2.14). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates 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 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.