Liberty Global PLC $LILAK Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its holdings in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 71.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,294 shares of the company's stock after selling 141,053 shares during the quarter. Russell Investments Group Ltd.'s holdings in Liberty Global were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LILAK. Fourth Sail Capital LP purchased a new position in Liberty Global during the first quarter worth about $15,734,000. Deutsche Bank AG lifted its position in Liberty Global by 41.3% during the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock worth $11,928,000 after buying an additional 549,884 shares during the period. Nuveen LLC purchased a new position in Liberty Global during the first quarter worth about $2,327,000. Northern Trust Corp lifted its position in Liberty Global by 27.1% during the fourth quarter. Northern Trust Corp now owns 1,519,252 shares of the company's stock worth $9,632,000 after buying an additional 324,018 shares during the period. Finally, Allianz Asset Management GmbH lifted its position in Liberty Global by 28.8% during the first quarter. Allianz Asset Management GmbH now owns 970,163 shares of the company's stock worth $6,025,000 after buying an additional 216,897 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

NASDAQ:LILAK remained flat at $8.17 on Friday. The company's stock had a trading volume of 898,033 shares, compared to its average volume of 1,522,901. The stock has a market capitalization of $1.63 billion, a PE ratio of -1.38 and a beta of 1.02. 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 business has a fifty day moving average of $7.28 and a two-hundred day moving average of $6.29. 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 quarterly earnings results on Thursday, August 7th. The company reported ($2.12) 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 analyst estimates of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LILAK shares. Scotiabank increased their target price 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. Wall Street Zen lowered Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $7.85.

Liberty Global Company 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.