Charles Schwab Investment Management Inc. Purchases 72,802 Shares of Liberty Global PLC $LILAK

Charles Schwab Investment Management Inc. boosted its position in shares of Liberty Global PLC (NASDAQ:LILAK) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,002,780 shares of the company’s stock after acquiring an additional 72,802 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.03% of Liberty Global worth $24,857,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Liberty Global by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company’s stock valued at $33,000 after acquiring an additional 4,519 shares during the period. Bridgefront Capital LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $65,000. GAMMA Investing LLC grew its stake in shares of Liberty Global by 577.2% in the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company’s stock valued at $73,000 after purchasing an additional 10,067 shares during the period. Townsquare Capital LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $80,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Liberty Global in the 1st quarter valued at approximately $121,000. 52.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.90.

Liberty Global Stock Up 0.4%

Shares of LILAK opened at $7.97 on Thursday. The company has a market capitalization of $1.59 billion, a P/E ratio of -1.34 and a beta of 0.95. The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67. The business’s 50 day simple moving average is $6.70 and its 200-day simple moving average is $6.19.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing the consensus estimate of $0.02 by ($2.14). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

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.