Russell Investments Group Ltd. Has $356,000 Position in Liberty Global PLC $LILAK

Russell Investments Group Ltd. reduced its holdings in Liberty Global PLC (NASDAQ:LILAK) by 71.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,294 shares of the company’s stock after selling 141,053 shares during the quarter. Russell Investments Group Ltd.’s holdings in Liberty Global were worth $356,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LILAK. UMB Bank n.a. lifted its stake in shares of Liberty Global by 42.8% in the first quarter. UMB Bank n.a. now owns 404,042 shares of the company’s stock valued at $2,509,000 after buying an additional 121,105 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Liberty Global by 3.9% in the first quarter. Principal Financial Group Inc. now owns 71,532 shares of the company’s stock valued at $444,000 after buying an additional 2,652 shares during the period. Deutsche Bank AG lifted its stake in shares of Liberty Global by 12.6% in the first quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock valued at $13,151,000 after buying an additional 236,356 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in shares of Liberty Global in the fourth quarter valued at about $572,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Liberty Global by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,332 shares of the company’s stock valued at $2,101,000 after buying an additional 67,621 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Down 0.5%

NASDAQ LILAK opened at $8.24 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00. The stock’s 50 day moving average is $7.11 and its two-hundred day moving average is $6.26. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -1.39 and a beta of 1.02. Liberty Global PLC has a 1-year low of $4.23 and a 1-year high of $10.67.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($2.14). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates 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

Several research firms recently weighed in on LILAK. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Scotiabank increased 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, Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Hold” 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.