Liberty Global PLC (NASDAQ:LILAK) Shares Acquired by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp increased its stake in Liberty Global PLC by 79.5%, acquiring an additional 66,875 shares, bringing its total ownership to approximately 150,990 shares valued at $938,000.
• Insider activity includes CFO Christopher J. Noyes purchasing 8,000 shares and CEO Balan Nair buying 22,779 shares, indicating confidence from company leadership in the stock.
• Liberty Global reported a loss of $0.69 per share for the last quarter, significantly missing analyst expectations, while revenue was $1.08 billion, falling short of the $1.10 billion estimate.

Mackenzie Financial Corp lifted its position in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 79.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,990 shares of the company's stock after purchasing an additional 66,875 shares during the quarter. Mackenzie Financial Corp owned about 0.08% of Liberty Global worth $938,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its position in Liberty Global by 28.8% in the 1st quarter. Allianz Asset Management GmbH now owns 970,163 shares of the company's stock worth $6,025,000 after purchasing an additional 216,897 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock worth $444,000 after acquiring an additional 2,652 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Liberty Global during the 1st quarter valued at about $121,000. Harbor Capital Advisors Inc. increased its stake 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 valued at $135,000 after purchasing an additional 20,389 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Liberty Global by 42.8% in the 1st quarter. UMB Bank n.a. now owns 404,042 shares of the company's stock worth $2,509,000 after purchasing an additional 121,105 shares during the period. Hedge funds and other institutional investors own 52.98% of the company's stock.

Insider Activity

In related news, CEO Balan Nair purchased 22,779 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the transaction, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Christopher J. Noyes bought 8,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was bought at an average price of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer owned 231,621 shares in the company, valued at $1,049,243.13. This represents a 3.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by corporate insiders.

Liberty Global Price Performance

Shares of NASDAQ LILAK traded up $0.67 during midday trading on Thursday, hitting $7.99. The stock had a trading volume of 6,307,813 shares, compared to its average volume of 1,149,908. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The stock has a 50 day simple moving average of $6.22 and a 200-day simple moving average of $6.11. The company has a market capitalization of $1.60 billion, a PE ratio of -1.98 and a beta of 0.95. Liberty Global PLC has a 1 year low of $4.23 and a 1 year high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Liberty Global had a negative return on equity of 44.60% and a negative net margin of 17.85%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

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.