Liberty Global PLC $LILAK Stock Holdings Reduced by Cook & Bynum Capital Management LLC

Cook & Bynum Capital Management LLC decreased its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 21.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,363,971 shares of the company’s stock after selling 374,212 shares during the period. Liberty Global accounts for about 8.5% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 4th largest position. Cook & Bynum Capital Management LLC owned 0.68% of Liberty Global worth $10,175,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Liberty Global during the 2nd quarter valued at about $30,000. Headlands Technologies LLC increased its position in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares during the period. Xponance LLC purchased a new position in Liberty Global during the 4th quarter valued at about $75,000. Diversified Trust Co. purchased a new position in Liberty Global during the 4th quarter valued at about $78,000. Finally, CIBC Asset Management Inc purchased a new position in Liberty Global during the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Global Stock Down 32.6%

Shares of Liberty Global stock opened at $5.25 on Thursday. The firm’s 50 day moving average price is $8.05 and its 200-day moving average price is $8.00. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global PLC has a 52-week low of $5.17 and a 52-week high of $9.13. The company has a market cap of $1.06 billion, a P/E ratio of -2.12 and a beta of 0.71.

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

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research firms have commented on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.20.

Liberty Global 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.