Liberty Global PLC $LILAK Position Lifted by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Liberty Global PLC by 6.6%, now owning approximately 1,034,581 shares valued at $6,435,000.
• Other institutional investors, including the Public Employees Retirement System of Ohio, have significantly raised their holdings in Liberty Global, contributing to 52.98% ownership of the company's stock by institutional investors.
• Liberty Global reported a quarterly earnings loss of $2.12 per share, missing analysts' expectations, with a negative return on equity of 71.58% and a revenue of $1.09 billion, below the consensus estimate of $1.11 billion.

Allianz Asset Management GmbH raised its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,581 shares of the company's stock after acquiring an additional 64,418 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.52% of Liberty Global worth $6,435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in shares of Liberty Global by 444.9% during the second quarter. Public Employees Retirement System of Ohio now owns 58,797 shares of the company's stock worth $366,000 after purchasing an additional 48,007 shares during the period. UMB Bank n.a. raised its holdings in shares of Liberty Global by 13.9% during the second quarter. UMB Bank n.a. now owns 460,037 shares of the company's stock worth $2,861,000 after purchasing an additional 55,995 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Liberty Global by 40.5% during the second quarter. Harbor Capital Advisors Inc. now owns 30,423 shares of the company's stock worth $189,000 after purchasing an additional 8,763 shares during the period. Cullen Investment Group LTD. raised its holdings in shares of Liberty Global by 87.7% during the second quarter. Cullen Investment Group LTD. now owns 32,100 shares of the company's stock worth $200,000 after purchasing an additional 15,000 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Liberty Global during the first quarter worth $474,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on LILAK shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Wednesday, October 8th. 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 and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $7.85.

Liberty Global Stock Up 0.7%

LILAK stock opened at $8.42 on Thursday. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of -1.42 and a beta of 0.98. The firm's 50-day moving average is $8.13 and its two-hundred day moving average is $6.64. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00.

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

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.

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