Public Employees Retirement System of Ohio Has $366,000 Position in Liberty Global PLC $LILAK

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Liberty Global PLC by 444.9% during the 2nd quarter, bringing its total investment to $366,000 after acquiring an additional 48,007 shares.
• Analysts have set a consensus price target of $7.85 for Liberty Global, with some analysts issuing ratings ranging from "Hold" to "Sell".
• Liberty Global reported a significant earnings miss for the last quarter, with an EPS of ($2.12), missing expectations by ($2.14), and has a negative net margin of 26.61%.

Public Employees Retirement System of Ohio boosted its holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 444.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,797 shares of the company's stock after purchasing an additional 48,007 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Liberty Global were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LILAK. GAMMA Investing LLC boosted its holdings in Liberty Global by 577.2% during the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after acquiring an additional 10,067 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Liberty Global during the 1st quarter worth $121,000. Harbor Capital Advisors Inc. boosted its holdings in Liberty Global by 1,604.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 21,660 shares of the company's stock worth $135,000 after acquiring an additional 20,389 shares during the last quarter. Entropy Technologies LP purchased a new position in Liberty Global during the 1st quarter worth $140,000. Finally, Cullen Investment Group LTD. boosted its holdings in Liberty Global by 87.7% during the 2nd quarter. Cullen Investment Group LTD. now owns 32,100 shares of the company's stock worth $200,000 after acquiring an additional 15,000 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.

Analysts Set New Price Targets

LILAK has been the topic of a number of analyst reports. Scotiabank lifted their price objective on shares of Liberty Global from $5.10 to $8.20 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a report on Saturday, September 27th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $7.85.

Liberty Global Trading Up 0.7%

Shares of Liberty Global stock opened at $8.50 on Tuesday. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $10.67. The stock's 50-day simple moving average is $7.95 and its 200 day simple moving average is $6.49. The stock has a market capitalization of $1.70 billion, a P/E ratio of -1.43 and a beta of 0.98. 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 (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 analysts' consensus estimates of $0.02 by ($2.14). Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion.

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.

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