Liberty Global PLC (NASDAQ:LILAK) Stake Boosted 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 grew its stake in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 79.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,990 shares of the company's stock after purchasing an additional 66,875 shares during the quarter. Mackenzie Financial Corp owned 0.08% of Liberty Global worth $938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LILAK. Long Focus Capital Management LLC lifted its stake in shares of Liberty Global by 79.0% during the fourth quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock worth $19,239,000 after purchasing an additional 1,339,216 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Liberty Global by 4,054.1% in the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock worth $5,087,000 after acquiring an additional 789,932 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Liberty Global by 41.3% in the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock worth $11,928,000 after acquiring an additional 549,884 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Global in the fourth quarter worth about $3,134,000. Finally, Northern Trust Corp lifted its stake 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 worth $9,632,000 after acquiring an additional 324,018 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Liberty Global Stock Down 0.1%

Shares of NASDAQ:LILAK traded down $0.01 during trading on Friday, hitting $7.98. The company's stock had a trading volume of 4,881,958 shares, compared to its average volume of 1,732,903. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08. Liberty Global PLC has a fifty-two week low of $4.23 and a fifty-two week high of $10.67. The stock's 50-day moving average price is $6.28 and its two-hundred day moving average price is $6.12. The company has a market capitalization of $1.60 billion, a PE ratio of -1.35 and a beta of 0.95.

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 for the quarter, missing the consensus estimate of $0.02 by ($2.14). The firm 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%.

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.