Fourth Sail Capital LP Invests $15.73 Million in Liberty Global PLC (NASDAQ:LILAK)

Key Points

• Fourth Sail Capital LP has acquired a new position in Liberty Global PLC, purchasing 2,533,603 shares valued at approximately $15.73 million, making it the 11th largest position in their portfolio.
• A recent report from Wall Street Zen downgraded Liberty Global from a "buy" to a "hold" rating, reflecting potential concerns among analysts regarding the company's performance.
• Liberty Global reported a disappointing EPS of ($0.69) for the quarter, missing analysts' expectations by a significant margin, alongside revenue of $1.08 billion against an estimate of $1.10 billion.

Fourth Sail Capital LP bought a new stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,533,603 shares of the company's stock, valued at approximately $15,734,000. Liberty Global comprises 3.7% of Fourth Sail Capital LP's holdings, making the stock its 11th largest holding. Fourth Sail Capital LP owned about 1.29% of Liberty Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Versant Capital Management Inc increased its holdings in Liberty Global by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock valued at $33,000 after buying an additional 4,519 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of Liberty Global during the 4th quarter worth $65,000. GAMMA Investing LLC boosted its stake in shares of Liberty Global by 577.2% during the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after acquiring an additional 10,067 shares during the last quarter. Townsquare Capital LLC purchased a new position in shares of Liberty Global during the 4th quarter worth $80,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Liberty Global during the 1st quarter worth $121,000. 52.98% of the stock is owned by institutional investors.

Insider Transactions at Liberty Global

In other Liberty Global news, CEO Balan Nair purchased 22,779 shares of the stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the transaction, the chief executive officer owned 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher J. Noyes purchased 8,000 shares of the stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $4.53 per share, with a total value of $36,240.00. Following the transaction, the chief financial officer directly owned 231,621 shares in the company, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their position. The disclosure for this purchase can be found here. 9.66% of the stock is owned by corporate insiders.

Liberty Global Trading Down 0.1%

NASDAQ:LILAK traded down $0.01 during mid-day trading on Friday, hitting $7.98. 4,881,958 shares of the stock traded hands, compared to its average volume of 1,732,903. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1.35 and a beta of 0.95. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The firm's 50 day moving average is $6.28 and its two-hundred day moving average is $6.12. The company has a quick ratio of 1.08, a current 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 results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing the consensus estimate of $0.02 by ($2.14). The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.11 billion. Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%.

Wall Street Analysts Forecast Growth

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.

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.