Liberty Global PLC $LILAK Holdings Reduced by Cook & Bynum Capital Management LLC

Key Points

• Cook & Bynum Capital Management LLC trimmed its holdings in Liberty Global PLC by 8.4%, now owning approximately 2.34 million shares, representing about 11.4% of its investment portfolio.
• Liberty Global reported a loss of $2.12 per share for the most recent quarter, missing analysts' expectations and reflecting a negative net margin of 26.61%.
• Several brokerages have adjusted their ratings for Liberty Global, with Scotiabank increasing the price target from $5.10 to $8.20, while Wall Street Zen downgraded their rating from "buy" to "hold."

Cook & Bynum Capital Management LLC lessened its stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,343,429 shares of the company's stock after selling 215,575 shares during the quarter. Liberty Global accounts for approximately 11.4% of Cook & Bynum Capital Management LLC's holdings, making the stock its 4th biggest position. Cook & Bynum Capital Management LLC owned approximately 1.19% of Liberty Global worth $14,553,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of LILAK. Versant Capital Management Inc raised its position in shares of Liberty Global by 556.5% in the 1st quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock worth $33,000 after purchasing an additional 4,519 shares during the last quarter. Bridgefront Capital LLC purchased a new position in shares of Liberty Global in the 4th quarter worth about $65,000. GAMMA Investing LLC raised its position in shares of Liberty Global by 577.2% in the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after purchasing an additional 10,067 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Liberty Global in the 1st quarter worth about $121,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Liberty Global by 1,604.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 21,660 shares of the company's stock worth $135,000 after purchasing an additional 20,389 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Global Stock Performance

Shares of NASDAQ:LILAK traded down $0.06 during mid-day trading on Tuesday, reaching $7.93. 563,946 shares of the company traded hands, compared to its average volume of 1,199,592. The company's 50 day moving average price is $7.32 and its 200-day moving average price is $6.30. The firm has a market cap of $1.59 billion, a PE ratio of -1.33 and a beta of 1.02. 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 PLC has a 52 week low of $4.23 and a 52 week high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.09 billion for 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%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LILAK shares. Scotiabank lifted their price target on Liberty Global from $5.10 to $8.20 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Liberty Global has a consensus rating of "Hold" and a consensus target price of $7.85.

Liberty Global 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.