Liberty Global (NASDAQ:LILAK) Hits New 1-Year High – Here’s Why

Liberty Global PLC (NASDAQ:LILAK)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $9.09 and last traded at $9.0140, with a volume of 132415 shares trading hands. The stock had previously closed at $8.80.

Analysts Set New Price Targets

LILAK has been the subject of a number of research reports. Scotiabank increased their target price on shares of Liberty Global from $5.10 to $8.20 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Wall Street Zen upgraded shares of Liberty Global from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Trading Up 2.8%

The business’s fifty day moving average is $8.29 and its 200-day moving average is $7.31. 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 firm has a market cap of $1.81 billion, a P/E ratio of -2.45 and a beta of 0.98.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) 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 analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 46.60%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in shares of Liberty Global in the third quarter valued at about $86,569,000. Dimensional Fund Advisors LP boosted its holdings in Liberty Global by 0.7% in the third quarter. Dimensional Fund Advisors LP now owns 9,205,771 shares of the company’s stock valued at $77,696,000 after acquiring an additional 63,668 shares during the last quarter. Oaktree Capital Management LP increased its position in Liberty Global by 186.4% during the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock valued at $56,293,000 after purchasing an additional 4,341,307 shares during the period. Charles Schwab Investment Management Inc. increased its position in Liberty Global by 1.9% during the 1st 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 during the period. Finally, Fourth Sail Capital LP raised its holdings in Liberty Global by 51.4% during the 2nd quarter. Fourth Sail Capital LP now owns 3,835,640 shares of the company’s stock worth $23,858,000 after purchasing an additional 1,302,037 shares during the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

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.