Invesco Ltd. Cuts Stock Holdings in Liberty Global PLC $LILAK

Key Points

• Invesco Ltd. reduced its stake in Liberty Global PLC by 12.1%, selling 77,206 shares and owning approximately 0.29% of the company valued at $3,492,000 as of the latest SEC filing.
• Analysts have adjusted their ratings on Liberty Global, with Wall Street Zen downgrading it to a "hold" and Scotiabank raising its price target from $5.10 to $8.20.
• The stock opened at $8.24, with a market cap of $1.65 billion, a negative earnings per share of ($2.12), and reported a net margin of -26.61% in its latest quarterly earnings.

Invesco Ltd. trimmed its stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 562,242 shares of the company's stock after selling 77,206 shares during the period. Invesco Ltd. owned approximately 0.29% of Liberty Global worth $3,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Liberty Global by 1.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company's stock valued at $24,857,000 after buying an additional 72,802 shares during the period. Fourth Sail Capital LP bought a new position in Liberty Global during the first quarter valued at $15,734,000. Deutsche Bank AG raised its stake in shares of Liberty Global by 12.6% in the first quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock valued at $13,151,000 after acquiring an additional 236,356 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Liberty Global by 2.7% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,713,283 shares of the company's stock worth $10,862,000 after acquiring an additional 45,635 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Liberty Global by 27.1% in the 4th quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock worth $9,632,000 after acquiring an additional 324,018 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Global Trading Up 0.7%

Shares of NASDAQ:LILAK traded up $0.06 during trading on Wednesday, reaching $8.06. 523,069 shares of the company were exchanged, compared to its average volume of 1,198,345. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. 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 $7.15 and its 200-day simple moving average is $6.27. Liberty Global PLC has a 12-month low of $4.23 and a 12-month high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LILAK. Scotiabank upped their price target on shares of Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock 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.