Hudson Bay Capital Management LP Invests $2.11 Million in Liberty Global PLC $LILAK

Key Points

• Hudson Bay Capital Management established a new position in Liberty Global, buying 250,000 shares (~$2.11 million) and now owning about 0.12% of the company; institutional investors collectively hold roughly 52.98%.
• Liberty Global reported an earnings miss (EPS ‑$0.27 vs. $0.10 expected), has negative net margin (‑13.76%) and ROE (‑48.22%), and the stock is down around 3% with a market cap of $1.57 billion and a negative PE of ‑2.56.
• Analyst and insider signals: the consensus rating is "Reduce" with a $8.20 price target after recent downgrades, and CAO Brian D. Zook sold 94,494 shares, sharply cutting his ownership.

Hudson Bay Capital Management LP purchased a new position in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company's stock, valued at approximately $2,110,000. Hudson Bay Capital Management LP owned approximately 0.12% of Liberty Global as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in shares of Liberty Global during the second quarter worth about $30,000. PNC Financial Services Group Inc. boosted its position in Liberty Global by 45.2% during the second quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company's stock worth $36,000 after acquiring an additional 1,797 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Liberty Global during the third quarter worth approximately $50,000. Headlands Technologies LLC grew its position in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company's stock valued at $53,000 after purchasing an additional 3,934 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Liberty Global in the second quarter valued at $66,000. Institutional investors and hedge funds own 52.98% of the company's stock.

Liberty Global Trading Down 3.0%

Shares of LILAK opened at $7.84 on Friday. Liberty Global PLC has a 12 month low of $4.23 and a 12 month high of $9.13. The stock's 50-day moving average is $7.84 and its two-hundred day moving average is $8.02. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $1.57 billion, a PE ratio of -2.56 and a beta of 0.97.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.37). Liberty Global had a negative net margin of 13.76% and a negative return on equity of 48.22%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion.

Analysts Set New Price Targets

A number of brokerages have issued reports on LILAK. Wall Street Zen lowered Liberty Global from a "buy" rating to a "hold" rating in a research note on Sunday, March 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Liberty Global presently has a consensus rating of "Reduce" and a consensus price target of $8.20.

Insider Buying and Selling at Liberty Global

In other news, CAO Brian D. Zook sold 94,494 shares of the company's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This represents a 93.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 9.66% of the company's stock.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company's core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.

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