Vanguard Group Inc. Reduces Stock Holdings in Liberty Global PLC $LILAK

Key Points

• Vanguard Group Inc. reduced its holdings in Liberty Global PLC by 2.2% in the first quarter, now owning approximately 3.33 million shares valued at around $20.7 million.
• Several institutional investors have recently increased their stakes in Liberty Global, with Deutsche Bank AG boosting its holdings by 41.3% in the last quarter.
• Liberty Global has been downgraded to a "hold" rating by Wall Street Zen, with an average price target of $7.85 according to analysts.

Vanguard Group Inc. lowered its holdings in shares of Liberty Global PLC (NASDAQ:LILAK - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,332,929 shares of the company's stock after selling 75,054 shares during the period. Vanguard Group Inc. owned 1.69% of Liberty Global worth $20,697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Liberty Global by 42.8% in the 1st quarter. UMB Bank n.a. now owns 404,042 shares of the company's stock worth $2,509,000 after acquiring an additional 121,105 shares during the period. Principal Financial Group Inc. raised its holdings in Liberty Global by 3.9% during the first 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 in the last quarter. Barclays PLC lifted its position in Liberty Global by 11.4% in the fourth quarter. Barclays PLC now owns 223,019 shares of the company's stock valued at $1,413,000 after purchasing an additional 22,770 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in Liberty Global in the 4th quarter valued at approximately $572,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Liberty Global by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,332 shares of the company's stock worth $2,101,000 after purchasing an additional 67,621 shares during the period. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Price Performance

LILAK stock traded up $0.06 during trading on Wednesday, hitting $8.06. The stock had a trading volume of 523,069 shares, compared to its average volume of 1,198,345. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of -1.36 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 company's 50 day moving average price is $7.15 and its two-hundred day moving average price is $6.27. Liberty Global PLC has a 1-year low of $4.23 and a 1-year high of $10.67.

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 (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.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented 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 boosted 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.