Trexquant Investment LP Sells 36,607 Shares of Liberty Global PLC $LILAK

Key Points

• Trexquant Investment LP has reduced its position in Liberty Global PLC by 14.2%, resulting in ownership of 220,997 shares valued at approximately $1.37 million.
• Liberty Global reported a significant loss of ($2.12) EPS in its latest earnings, falling short of the consensus estimate and showing a negative net margin of 26.61%.
• Recent analyst reports have downgraded Liberty Global's rating, with Wall Street Zen moving it from a "buy" to a "hold" rating and Scotiabank adjusting their price target to $8.20.

Trexquant Investment LP lessened its stake in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 14.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 220,997 shares of the company's stock after selling 36,607 shares during the period. Trexquant Investment LP owned 0.11% of Liberty Global worth $1,372,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of Liberty Global by 42.8% during 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 in the last quarter. Principal Financial Group Inc. boosted its position 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 valued at $444,000 after purchasing an additional 2,652 shares in the last quarter. American Century Companies Inc. boosted its position 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 valued at $1,961,000 after purchasing an additional 34,634 shares in the last quarter. Deutsche Bank AG boosted its position 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 valued at $13,151,000 after purchasing an additional 236,356 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Liberty Global during the 4th quarter valued at about $572,000. Institutional investors own 52.98% of the company's stock.

Liberty Global Trading Down 1.6%

Shares of LILAK traded down $0.13 during midday trading on Wednesday, hitting $7.75. The stock had a trading volume of 853,712 shares, compared to its average volume of 1,199,917. The business has a 50-day simple moving average of $7.35 and a two-hundred day simple moving average of $6.31. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00. The firm has a market cap of $1.55 billion, a P/E ratio of -1.31 and a beta of 1.02. Liberty Global PLC has a fifty-two week low of $4.23 and a fifty-two week high of $10.67.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on LILAK shares. Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank raised their price objective 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. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently 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.