Liberty Global (NASDAQ:LILAK) Stock Price Up 13.2% - Here's What Happened

Key Points

• Liberty Global's stock price increased by 13.2% to $8.29, following a high of $8.58, despite a decrease in trading volume.
• Analysts have downgraded Liberty Global from a "buy" to a "hold" rating, reflecting cautious sentiment despite recent stock gains.
• The company reported a loss of ($0.69) EPS for the last quarter, missing the consensus estimates, along with a negative return on equity of 44.60%.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report)'s share price was up 13.2% on Thursday . The company traded as high as $8.58 and last traded at $8.29. Approximately 803,022 shares traded hands during mid-day trading, a decline of 28% from the average daily volume of 1,112,419 shares. The stock had previously closed at $7.32.

Analyst Upgrades and Downgrades

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

Liberty Global Stock Down 3.9%

The company has a market cap of $1.53 billion, a PE ratio of -1.29 and a beta of 0.95. The stock's 50 day moving average price is $6.33 and its 200-day moving average price is $6.12. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08.

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 for the quarter, missing the consensus estimate of $0.02 by ($2.14). The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.11 billion. Liberty Global had a negative net margin of 26.61% and a negative return on equity of 71.58%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LILAK. Wells Fargo & Company MN increased its stake in 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 in the last quarter. Invesco Ltd. increased its stake in 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 in the last quarter. Renaissance Technologies LLC increased its stake in 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 in the last quarter. Townsquare Capital LLC bought a new stake in Liberty Global during the 4th quarter valued at about $80,000. Finally, Barclays PLC increased its stake in 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 in the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company 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.