Strs Ohio Invests $474,000 in Liberty Global PLC $LILAK

Key Points

• Strs Ohio has acquired a new position in Liberty Global PLC, purchasing 76,400 shares valued at approximately $474,000 during the 1st quarter of the year.
• Various institutional investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and UBS AM, have recently increased their stakes in Liberty Global, indicating heightened interest from the investment community.
• Liberty Global reported a significant earnings miss in its last quarterly results, with an EPS of ($2.12), falling short of the expected $0.02, and a revenue of $1.09 billion against the projected $1.11 billion.

Strs Ohio bought a new stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 76,400 shares of the company's stock, valued at approximately $474,000.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Liberty Global by 42.8% in the 1st quarter. UMB Bank n.a. now owns 404,042 shares of the company's stock valued at $2,509,000 after purchasing an additional 121,105 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Liberty Global by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock worth $444,000 after acquiring an additional 2,652 shares during the period. American Century Companies Inc. lifted its holdings in shares of Liberty Global by 12.3% during the 1st quarter. American Century Companies Inc. now owns 315,750 shares of the company's stock worth $1,961,000 after acquiring an additional 34,634 shares during the period. Deutsche Bank AG lifted its holdings in shares of Liberty Global by 12.6% during the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company's stock worth $13,151,000 after acquiring an additional 236,356 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Liberty Global by 519.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,799 shares of the company's stock worth $253,000 after acquiring an additional 34,213 shares during the period. 52.98% of the stock is owned by institutional investors.

Liberty Global Stock Up 4.7%

LILAK stock traded up $0.38 during trading on Monday, hitting $8.46. 1,265,019 shares of the stock traded hands, compared to its average volume of 1,222,523. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The company has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $6.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%.

Analysts Set New Price Targets

Separately, Scotiabank raised 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. 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.

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.