Empowered Funds LLC Sells 70,891 Shares of 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 reduced its position in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fourth Sail Capital LP acquired a new position in Liberty Global during the 1st quarter worth approximately $15,734,000. Deutsche Bank AG raised its stake in shares of Liberty Global by 41.3% during the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock valued at $11,928,000 after purchasing an additional 549,884 shares during the period. Nuveen LLC acquired a new position in shares of Liberty Global during the first quarter worth $2,327,000. Northern Trust Corp boosted its stake in shares of 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 during the period. Finally, Long Focus Capital Management LLC increased its stake in Liberty Global by 8.6% during the 1st quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company's stock worth $20,464,000 after buying an additional 260,720 shares during the period. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Global Stock Up 0.6%

Shares of Liberty Global stock traded up $0.05 during midday trading on Tuesday, reaching $7.79. 842,984 shares of the company's stock traded hands, compared to its average volume of 1,195,630. The company's 50 day simple moving average is $7.44 and its 200 day simple moving average is $6.33. 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 PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -1.31 and a beta of 1.02.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($2.14). Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank raised their price target 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. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Liberty Global presently has a consensus rating of "Hold" and a consensus target price of $7.85.

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.