Principal Financial Group Inc. Has $444,000 Stock Position in Liberty Global PLC (NASDAQ:LILAK)

Principal Financial Group Inc. lifted its position in Liberty Global PLC (NASDAQ:LILAK) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,532 shares of the company’s stock after buying an additional 2,652 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Global were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Long Focus Capital Management LLC raised its stake in Liberty Global by 79.0% during the 4th quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company’s stock valued at $19,239,000 after purchasing an additional 1,339,216 shares during the last quarter. Hsbc Holdings PLC raised its stake in Liberty Global by 4,054.1% during the 4th quarter. Hsbc Holdings PLC now owns 809,417 shares of the company’s stock valued at $5,087,000 after purchasing an additional 789,932 shares during the last quarter. Deutsche Bank AG raised its stake in Liberty Global by 41.3% during the 4th quarter. Deutsche Bank AG now owns 1,881,436 shares of the company’s stock valued at $11,928,000 after purchasing an additional 549,884 shares during the last quarter. Norges Bank acquired a new position in shares of Liberty Global in the 4th quarter valued at $3,134,000. Finally, Northern Trust Corp raised its stake in shares of Liberty Global by 27.1% in the 4th quarter. Northern Trust Corp now owns 1,519,252 shares of the company’s stock valued at $9,632,000 after buying an additional 324,018 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Trading Down 2.4%

Shares of LILAK stock opened at $6.53 on Monday. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $10.93. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -1.62 and a beta of 0.95. 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 fifty day moving average of $5.68 and a 200-day moving average of $6.06.

Liberty Global (NASDAQ:LILAK) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.55). Liberty Global had a negative return on equity of 44.60% and a negative net margin of 17.85%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion.

Insider Activity

In related news, CEO Balan Nair acquired 22,779 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the acquisition, the chief executive officer directly owned 1,651,001 shares in the company, valued at $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CFO Christopher J. Noyes acquired 8,000 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the acquisition, the chief financial officer owned 231,621 shares in the company, valued at approximately $1,049,243.13. The trade was a 3.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.

About Liberty Global

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.