PDT Partners LLC Grows Stake in Liberty Global PLC $LILAK

Key Points

• PDT Partners LLC significantly increased its stake in Liberty Global PLC by 290.1% during the first quarter, owning 131,767 shares valued at approximately $818,000 at the end of the period.
• Several other institutional investors, including UMB Bank and Deutsche Bank AG, also increased their holdings in Liberty Global, indicating a strong interest in the company as hedge funds and institutional investors collectively own 52.98% of its stock.
• Liberty Global reported a substantial earnings miss, with an EPS of ($2.12) in its latest quarterly results, falling short of analysts' expectations by ($2.14).

PDT Partners LLC increased its position in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 290.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 131,767 shares of the company's stock after buying an additional 97,992 shares during the quarter. PDT Partners LLC owned 0.07% of Liberty Global worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Long Focus Capital Management LLC increased its position in Liberty Global by 8.6% during the 1st quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company's stock valued at $20,464,000 after purchasing an additional 260,720 shares during the period. Hsbc Holdings PLC increased its position in Liberty Global by 29.7% during the 1st quarter. Hsbc Holdings PLC now owns 1,049,737 shares of the company's stock valued at $6,582,000 after purchasing an additional 240,320 shares during the period. American Century Companies Inc. increased its position in Liberty Global by 12.3% during the 1st quarter. American Century Companies Inc. now owns 315,750 shares of the company's stock valued at $1,961,000 after purchasing an additional 34,634 shares during the period. Nuveen LLC acquired a new stake in Liberty Global during the 1st quarter valued at approximately $2,327,000. Finally, Virtu Financial LLC increased its position in Liberty Global by 98.1% during the 1st quarter. Virtu Financial LLC now owns 195,468 shares of the company's stock valued at $1,214,000 after purchasing an additional 96,797 shares during the period. Institutional investors and hedge funds own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank increased their target price on shares of Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Wall Street Zen cut 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, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $7.85.

Liberty Global Trading Down 1.7%

Shares of Liberty Global stock traded down $0.13 during midday trading on Tuesday, reaching $7.85. 288,157 shares of the company's stock traded hands, compared to its average volume of 1,197,928. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.57 billion, a PE ratio of -1.33 and a beta of 1.02. The stock has a 50 day moving average of $7.32 and a 200-day moving average of $6.30. Liberty Global PLC has a 12 month low of $4.23 and a 12 month high of $10.67.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($2.14). The business 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%.

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.