Oaktree Capital Management LP Has $56.29 Million Position in Liberty Global PLC $LILAK

Key Points

• Oaktree Capital boosted its stake in Liberty Global by 186.4% in Q3 to 6,669,823 shares (worth $56.29M), representing about 3.33% of the company and making it Oaktree's 28th largest holding.
• Liberty Global shares traded at $7.81 (up 1.2%) with a market cap of $1.56B; the company reported a Q4 EPS of ($0.27) which missed estimates, has a negative ROE and net margin, and a high debt-to-equity ratio of 6.78.
• Analysts have an average rating of "Reduce" with a consensus price target of $8.20, and insiders recently sold shares — the CAO disposed of 94,494 shares (at ~$8.04), leaving insiders with about 9.66% ownership.

Oaktree Capital Management LP boosted its position in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 186.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,669,823 shares of the company's stock after buying an additional 4,341,307 shares during the quarter. Liberty Global makes up approximately 0.4% of Oaktree Capital Management LP's holdings, making the stock its 28th largest holding. Oaktree Capital Management LP owned about 3.33% of Liberty Global worth $56,293,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in shares of Liberty Global by 132.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 559,692 shares of the company's stock valued at $4,724,000 after buying an additional 318,611 shares during the period. FourThought Financial Partners LLC acquired a new position in shares of Liberty Global during the third quarter valued at $196,000. Legal & General Group Plc lifted its stake in shares of Liberty Global by 8.1% during the third quarter. Legal & General Group Plc now owns 171,085 shares of the company's stock valued at $1,444,000 after acquiring an additional 12,770 shares during the period. Swiss National Bank boosted its holdings in Liberty Global by 2.6% in the third quarter. Swiss National Bank now owns 261,117 shares of the company's stock valued at $2,204,000 after acquiring an additional 6,600 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Liberty Global in the third quarter worth about $199,000. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Trading Up 1.2%

Shares of LILAK traded up $0.10 during trading hours on Friday, reaching $7.81. The stock had a trading volume of 33,069 shares, compared to its average volume of 933,146. The company has a market cap of $1.56 billion, a P/E ratio of -2.54 and a beta of 0.97. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $9.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The firm has a 50-day moving average of $7.74 and a 200 day moving average of $8.03.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.37). Liberty Global had a negative return on equity of 48.22% and a negative net margin of 13.76%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Insider Buying and Selling at Liberty Global

In other news, CAO Brian D. Zook sold 94,494 shares of Liberty Global stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the transaction, the chief accounting officer owned 6,813 shares in the company, valued at $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

LILAK has been the subject of several recent research reports. Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a report on Sunday, March 1st. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Liberty Global presently has an average rating of "Reduce" and a consensus price target of $8.20.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company's core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.

Want to see what other hedge funds are holding LILAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global PLC (NASDAQ:LILAK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.