Nordea Investment Management AB Raises Stock Position in Liberty Global PLC $LILAK

Nordea Investment Management AB increased its stake in Liberty Global PLC (NASDAQ:LILAK) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 882,001 shares of the company’s stock after purchasing an additional 15,389 shares during the quarter. Nordea Investment Management AB’s holdings in Liberty Global were worth $5,451,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company’s stock worth $444,000 after purchasing an additional 2,652 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Liberty Global by 12.3% during the 1st quarter. American Century Companies Inc. now owns 315,750 shares of the company’s stock worth $1,961,000 after acquiring an additional 34,634 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Liberty Global by 12.6% during the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock worth $13,151,000 after acquiring an additional 236,356 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Liberty Global by 519.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 40,799 shares of the company’s stock worth $253,000 after acquiring an additional 34,213 shares during the last quarter. Finally, Virtu Financial LLC boosted its stake in shares of Liberty Global by 98.1% during the 1st quarter. Virtu Financial LLC now owns 195,468 shares of the company’s stock worth $1,214,000 after acquiring an additional 96,797 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Global Stock Performance

Shares of NASDAQ LILAK opened at $8.36 on Wednesday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $1.67 billion, a P/E ratio of -1.41 and a beta of 0.98. The firm’s fifty day moving average is $8.11 and its two-hundred day moving average is $6.63. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $10.67.

Liberty Global (NASDAQ:LILAK) 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Scotiabank lifted their price target on shares of 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 analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $7.85.

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.