Liberty Global (NASDAQ:LILAK) Trading Up 0.7% – What’s Next?

Liberty Global PLC (NASDAQ:LILAK)’s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as $7.29 and last traded at $7.21. Approximately 1,772,151 shares were traded during mid-day trading, an increase of 107% from the average daily volume of 854,608 shares. The stock had previously closed at $7.16.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LILAK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. One research analyst has 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 has an average rating of “Reduce” and a consensus price target of $8.20.

Liberty Global Stock Up 0.7%

The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -1.95 and a beta of 1.01. The firm has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $7.80.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Liberty Global had a negative return on equity of 54.11% and a negative net margin of 16.57%.The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP acquired a new position in shares of Liberty Global during the 3rd quarter worth about $86,569,000. Oaktree Capital Management LP raised its stake in shares of Liberty Global by 186.4% during the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after purchasing an additional 4,341,307 shares in the last quarter. Fourth Sail Capital LP lifted its stake in Liberty Global by 51.4% in the second quarter. Fourth Sail Capital LP now owns 3,835,640 shares of the company’s stock valued at $23,858,000 after acquiring an additional 1,302,037 shares during the last quarter. Banco Santander S.A. increased its stake in shares of Liberty Global by 899.7% during the 3rd quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock worth $9,228,000 after purchasing an additional 983,944 shares during the last quarter. Finally, Sculptor Capital LP bought a new stake in shares of Liberty Global in the 2nd quarter valued at about $3,627,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

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.