UMB Bank n.a. Acquires 55,995 Shares of Liberty Global PLC $LILAK

Key Points

• UMB Bank n.a. increased its stake in Liberty Global PLC by 13.9% during the second quarter, now owning 460,037 shares valued at approximately $2.86 million.
• Multiple institutional investors have also raised their holdings in Liberty Global, with Cullen Investment Group LTD. leading at an increase of 87.7% this quarter.
• Scotiabank upgraded Liberty Global’s price target from $5.10 to $8.20, while the stock currently holds a consensus rating of "Hold" and an average target of $7.85.

UMB Bank n.a. boosted its holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 13.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 460,037 shares of the company's stock after purchasing an additional 55,995 shares during the quarter. UMB Bank n.a. owned 0.23% of Liberty Global worth $2,861,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Liberty Global by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 71,532 shares of the company's stock valued at $444,000 after buying an additional 2,652 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 valued at $468,000 after buying an additional 2,798 shares during the period. Versant Capital Management Inc increased its holdings in Liberty Global by 556.5% in the 1st 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 during the period. Sterneck Capital Management LLC increased its holdings in Liberty Global by 6.6% in the 1st quarter. Sterneck Capital Management LLC now owns 77,208 shares of the company's stock valued at $479,000 after buying an additional 4,800 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in Liberty Global by 40.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,423 shares of the company's stock valued at $189,000 after buying an additional 8,763 shares during the period. 52.98% of the stock is owned by institutional investors.

Liberty Global Price Performance

Shares of Liberty Global stock traded down $0.13 during midday trading on Tuesday, hitting $8.34. 455,900 shares of the company traded hands, compared to its average volume of 1,202,286. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -1.41 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 firm's fifty day moving average price is $7.62 and its 200-day moving average price is $6.38. 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 posted its 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). Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.11 billion.

Analysts Set New Price Targets

Separately, Scotiabank raised their target price on shares of Liberty Global from $5.10 to $8.20 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.85.

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.