Liberty Global PLC $LILAK is Fourth Sail Capital LP’s 6th Largest Position

Fourth Sail Capital LP increased its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 51.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,835,640 shares of the company’s stock after buying an additional 1,302,037 shares during the period. Liberty Global comprises 4.9% of Fourth Sail Capital LP’s portfolio, making the stock its 6th largest holding. Fourth Sail Capital LP owned 1.92% of Liberty Global worth $23,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Liberty Global in the first quarter worth $121,000. Principal Financial Group Inc. lifted its stake in shares of Liberty Global by 3.9% during the first 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. Allianz Asset Management GmbH grew its stake in Liberty Global by 28.8% in the 1st quarter. Allianz Asset Management GmbH now owns 970,163 shares of the company’s stock worth $6,025,000 after acquiring an additional 216,897 shares during the period. Mackenzie Financial Corp raised its holdings in Liberty Global by 79.5% in the 1st quarter. Mackenzie Financial Corp now owns 150,990 shares of the company’s stock valued at $938,000 after acquiring an additional 66,875 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its stake in shares of Liberty Global by 419.1% during the 1st quarter. New Age Alpha Advisors LLC now owns 33,662 shares of the company’s stock worth $209,000 after purchasing an additional 27,177 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Scotiabank upped their price target on Liberty Global from $5.10 to $8.20 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $7.85.

Liberty Global Price Performance

LILAK stock opened at $7.95 on Monday. The stock’s 50 day moving average is $8.13 and its two-hundred day moving average is $6.91. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $9.05. The company has a market capitalization of $1.59 billion, a PE ratio of -2.15 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 46.60% and a negative net margin of 16.57%.

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.