Fourth Sail Capital LP Has $21.60 Million Holdings in Liberty Global PLC $LILAK

Fourth Sail Capital LP increased its position in shares of Liberty Global PLC (NASDAQ:LILAK) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,895,728 shares of the company’s stock after acquiring an additional 533,221 shares during the quarter. Liberty Global accounts for about 3.5% of Fourth Sail Capital LP’s holdings, making the stock its 13th largest position. Fourth Sail Capital LP owned approximately 1.45% of Liberty Global worth $21,602,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LILAK. Rubric Capital Management LP acquired a new stake in shares of Liberty Global during the third quarter valued at approximately $86,569,000. Oaktree Capital Management LP lifted its position in Liberty Global by 186.4% in the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares in the last quarter. Banco Santander S.A. lifted its position in Liberty Global by 899.7% in the 3rd quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock worth $9,228,000 after buying an additional 983,944 shares in the last quarter. Sculptor Capital LP acquired a new stake in shares of Liberty Global during the 2nd quarter valued at $3,627,000. Finally, First Trust Advisors LP boosted its stake in shares of Liberty Global by 253.1% during the 4th quarter. First Trust Advisors LP now owns 678,043 shares of the company’s stock valued at $5,058,000 after buying an additional 486,022 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Stock Performance

LILAK stock opened at $8.20 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.31 and a beta of 0.71. Liberty Global PLC has a 12 month low of $5.33 and a 12 month high of $9.13. The firm has a 50 day moving average of $8.15 and a two-hundred day moving average of $8.04.

Shares of Liberty Global are set to split before the market opens on Wednesday, June 17th. The 11-10 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 16th.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $8.20.

Insider Buying and Selling at Liberty Global

In other news, Director John C. Malone acquired 12,406,463 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the acquisition, the director owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the acquisition, the chief executive officer owned 3,125,039 shares in the company, valued at $25,219,064.73. This trade represents a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 9.66% of the stock is currently owned by corporate insiders.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.