Long Focus Capital Management LLC Buys 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 grew its position in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 8.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,295,336 shares of the company's stock after acquiring an additional 260,720 shares during the period. Long Focus Capital Management LLC owned 1.67% of Liberty Global worth $20,464,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Global by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company's stock worth $24,857,000 after purchasing an additional 72,802 shares during the last quarter. Fourth Sail Capital LP bought a new position in Liberty Global during the first quarter worth $15,734,000. Deutsche Bank AG boosted its stake in Liberty Global by 12.6% during the first quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock worth $13,151,000 after acquiring an additional 236,356 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in Liberty Global by 2.7% during the 4th 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 in the last quarter. Finally, Northern Trust Corp increased its stake in Liberty Global by 27.1% during the 4th 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 in the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Stock Performance

Shares of NASDAQ LILAK traded up $0.00 during mid-day trading on Thursday, reaching $8.07. 363,373 shares of the company's stock were exchanged, compared to its average volume of 1,197,459. 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 $1.62 billion, a price-to-earnings ratio of -1.36 and a beta of 1.02. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $10.67. The firm has a 50-day moving average price of $7.20 and a two-hundred day moving average price of $6.28.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share 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 return on equity of 71.58% and a negative net margin of 26.61%.

Analysts Set New Price Targets

A number of brokerages have commented on LILAK. Scotiabank boosted their price target on shares of Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a research note 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, Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.85.

About Liberty Global

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.