State of Wyoming Lowers Holdings in Liberty Global PLC $LILAK

Key Points

• State of Wyoming reduced its stake in Liberty Global PLC by 46.5% in the first quarter, now holding 36,918 shares valued at $229,000.
• Liberty Global reported a loss of $2.12 per share in its latest earnings, missing analysts' expectations by ($2.14).
• Several institutional investors, including Harbor Capital Advisors Inc., significantly increased their holdings in Liberty Global, with Harbor's stake growing by 1,604.2% in the first quarter.

State of Wyoming decreased its stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 46.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,918 shares of the company's stock after selling 32,124 shares during the quarter. State of Wyoming's holdings in Liberty Global were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Liberty Global by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock worth $444,000 after purchasing an additional 2,652 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Liberty Global by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,769 shares of the company's stock worth $468,000 after purchasing an additional 2,798 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Liberty Global by 556.5% in the 1st quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock worth $33,000 after purchasing an additional 4,519 shares during the period. Sterneck Capital Management LLC boosted its holdings in shares of Liberty Global by 6.6% in the 1st quarter. Sterneck Capital Management LLC now owns 77,208 shares of the company's stock worth $479,000 after purchasing an additional 4,800 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Global by 577.2% in the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after purchasing an additional 10,067 shares during the period. Hedge funds and other institutional investors own 52.98% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LILAK shares. Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank boosted their price objective on Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $7.85.

Liberty Global Stock Down 1.2%

Shares of LILAK stock traded down $0.10 during mid-day trading on Tuesday, hitting $7.89. The stock had a trading volume of 235,626 shares, compared to its average volume of 1,197,668. Liberty Global PLC has a 12-month low of $4.23 and a 12-month high of $10.67. The firm has a market capitalization of $1.58 billion, a P/E ratio of -1.33 and a beta of 1.02. The firm's 50-day moving average is $7.32 and its two-hundred day moving average is $6.30. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08.

Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($2.14). Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.11 billion.

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.