Long Focus Capital Management LLC Acquires 260,720 Shares of Liberty Global PLC $LILAK

Key Points

• Long Focus Capital Management LLC increased its holdings in Liberty Global PLC by 8.6%, owning over 3.29 million shares worth approximately $20.46 million.
• Liberty Global reported a loss of ($2.12) earnings per share for the last quarter, significantly missing estimates, with a revenue of $1.09 billion.
• Analysts have given Liberty Global a consensus rating of "Hold" with a price target of $7.85, following mixed reviews on performance and potential.

Long Focus Capital Management LLC boosted its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,295,336 shares of the company's stock after buying an additional 260,720 shares during the period. Long Focus Capital Management LLC owned approximately 1.67% of Liberty Global worth $20,464,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. 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 worth $24,857,000 after buying an additional 72,802 shares during the period. Fourth Sail Capital LP acquired a new stake in Liberty Global during the 1st quarter worth approximately $15,734,000. Deutsche Bank AG raised its holdings in Liberty Global by 12.6% during the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock worth $13,151,000 after buying an additional 236,356 shares during the period. Bridgeway Capital Management LLC raised its holdings in shares of Liberty Global by 2.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,713,283 shares of the company's stock valued at $10,862,000 after purchasing an additional 45,635 shares during the last quarter. Finally, Northern Trust Corp raised its holdings 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 last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LILAK. Scotiabank lifted their price objective 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 downgraded shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Liberty Global presently has a consensus rating of "Hold" and a consensus price target of $7.85.

Liberty Global Stock Performance

LILAK stock traded up $0.07 during midday trading on Wednesday, reaching $8.07. 1,157,643 shares of the company were exchanged, compared to its average volume of 1,202,572. The business has a 50-day moving average price of $7.15 and a two-hundred day moving average price of $6.27. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -1.36 and a beta of 1.02. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($2.14). The business had revenue of $1.09 billion during 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%.

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.