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

Nordea Investment Management AB boosted its stake in Liberty Global PLC (NASDAQ:LILAK) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 882,001 shares of the company’s stock after buying an additional 15,389 shares during the period. Nordea Investment Management AB owned 0.44% of Liberty Global worth $5,451,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LILAK. Charles Schwab Investment Management Inc. increased its stake in shares of Liberty Global by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company’s stock valued at $24,857,000 after purchasing an additional 72,802 shares in the last quarter. Long Focus Capital Management LLC increased its stake in shares of Liberty Global by 8.6% during the first quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company’s stock valued at $20,464,000 after purchasing an additional 260,720 shares in the last quarter. Fourth Sail Capital LP bought a new position in shares of Liberty Global during the first quarter valued at approximately $15,734,000. Deutsche Bank AG increased its stake in shares of Liberty Global by 12.6% during the first quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock valued at $13,151,000 after purchasing an additional 236,356 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Liberty Global by 29.7% during the first quarter. Hsbc Holdings PLC now owns 1,049,737 shares of the company’s stock valued at $6,582,000 after purchasing an additional 240,320 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of LILAK opened at $8.36 on Wednesday. The company has a market capitalization of $1.67 billion, a P/E ratio of -1.41 and a beta of 0.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The firm has a 50 day moving average of $8.11 and a 200 day moving average of $6.63. Liberty Global PLC has a twelve month low of $4.23 and a twelve month 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 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 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%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LILAK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. Scotiabank raised their target price on shares of Liberty Global from $5.10 to $8.20 and gave the company 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 company. According to MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and a consensus price target of $7.85.

Liberty Global 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.