Nuveen LLC Makes New Investment in Liberty Global PLC $LILAK

Key Points

• Nuveen LLC has acquired a new position in Liberty Global PLC by purchasing 374,729 shares valued at approximately $2.3 million, representing a 0.19% ownership stake in the company.
• Liberty Global's stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen, while Scotiabank raised its target price from $5.10 to $8.20, reflecting varying opinions among analysts.
• The company reported a significant loss of ($2.12) earnings per share for the last quarter, which fell short of analysts' expectations, indicating challenges in its financial performance.

Nuveen LLC acquired a new position in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 374,729 shares of the company's stock, valued at approximately $2,327,000. Nuveen LLC owned approximately 0.19% of Liberty Global as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. increased its position in Liberty Global by 42.8% during 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. Principal Financial Group Inc. lifted its holdings in Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock valued at $444,000 after acquiring an additional 2,652 shares during the period. Barclays PLC boosted its position in shares of Liberty Global by 11.4% during the 4th quarter. Barclays PLC now owns 223,019 shares of the company's stock worth $1,413,000 after purchasing an additional 22,770 shares in the last quarter. Deutsche Bank AG grew its stake in shares of 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 purchasing an additional 236,356 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Liberty Global during the fourth quarter worth about $572,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Up 0.7%

LILAK traded up $0.06 on Wednesday, reaching $8.06. The company's stock had a trading volume of 523,069 shares, compared to its average volume of 1,198,345. Liberty Global PLC has a 1 year low of $4.23 and a 1 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. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -1.36 and a beta of 1.02. The business's 50 day moving average is $7.15 and its 200 day moving average is $6.27.

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 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%.

Analyst Ratings Changes

Several brokerages recently issued reports on LILAK. Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank lifted their price objective 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. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently 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.