Liberty Global PLC $LILAK Stock Holdings Reduced by State of Wyoming

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 reduced its position in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 46.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,918 shares of the company's stock after selling 32,124 shares during the period. State of Wyoming's holdings in Liberty Global were worth $229,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LILAK. Versant Capital Management Inc lifted its stake in Liberty Global by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock valued at $33,000 after buying an additional 4,519 shares in the last quarter. Bridgefront Capital LLC acquired a new stake in shares of Liberty Global in the fourth quarter worth $65,000. GAMMA Investing LLC boosted its stake in Liberty Global by 577.2% during the first quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after buying an additional 10,067 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Liberty Global during the first quarter worth $121,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Liberty Global by 1,604.2% during the first quarter. Harbor Capital Advisors Inc. now owns 21,660 shares of the company's stock valued at $135,000 after acquiring an additional 20,389 shares during the period. Institutional investors own 52.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LILAK shares. Scotiabank upped 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 downgraded shares of 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.85.

Liberty Global Stock Performance

LILAK traded down $0.19 during trading on Monday, hitting $7.99. The company's stock had a trading volume of 1,161,430 shares, compared to its average volume of 1,198,970. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The firm has a market cap of $1.60 billion, a PE ratio of -1.34 and a beta of 1.02. The business's 50 day simple moving average is $7.28 and its 200-day simple moving average is $6.29.

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). 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 the consensus estimate of $1.11 billion.

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.