Virtu Financial LLC Raises Stock Position in Liberty Global PLC (NASDAQ:LILAK)

Key Points

• Virtu Financial LLC increased its holdings in Liberty Global PLC by 98.1%, owning 195,468 shares valued at $1,214,000 after buying 96,797 additional shares in the 1st quarter.
• Liberty Global's stock is down 3.9% and the company reported a loss of ($2.12) EPS, missing analyst expectations of $0.02.
• Analyst ratings for Liberty Global have changed, with Wall Street Zen downgrading its rating from "buy" to "hold".

Virtu Financial LLC grew its holdings in Liberty Global PLC (NASDAQ:LILAK - Free Report) by 98.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,468 shares of the company's stock after acquiring an additional 96,797 shares during the period. Virtu Financial LLC owned 0.10% of Liberty Global worth $1,214,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN raised its position in shares of Liberty Global by 375.7% during the 4th quarter. Wells Fargo & Company MN now owns 335,766 shares of the company's stock valued at $2,129,000 after purchasing an additional 265,180 shares during the period. Invesco Ltd. raised its position in shares of Liberty Global by 0.7% during the 4th quarter. Invesco Ltd. now owns 639,448 shares of the company's stock valued at $4,054,000 after purchasing an additional 4,233 shares during the period. Renaissance Technologies LLC raised its position in shares of Liberty Global by 81.3% during the 4th quarter. Renaissance Technologies LLC now owns 664,352 shares of the company's stock valued at $4,212,000 after purchasing an additional 297,852 shares during the period. Townsquare Capital LLC bought a new stake in shares of Liberty Global during the 4th quarter valued at $80,000. Finally, Barclays PLC raised its position in shares of Liberty Global by 11.4% during the 4th 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. 52.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Liberty Global Price Performance

NASDAQ LILAK traded up $0.27 on Friday, reaching $7.99. The company had a trading volume of 1,932,735 shares, compared to its average volume of 1,961,555. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The stock has a market capitalization of $1.60 billion, a PE ratio of -1.35 and a beta of 0.95. The firm's 50 day moving average price is $6.54 and its 200 day moving average price is $6.15. 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 announced 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 the consensus estimate of $1.11 billion. Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%.

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.