Harbor Capital Advisors Inc. Purchases 8,763 Shares of Liberty Global PLC $LILAK

Harbor Capital Advisors Inc. raised its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 40.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,423 shares of the company’s stock after purchasing an additional 8,763 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Liberty Global were worth $189,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased its stake in Liberty Global by 42.8% during the 1st quarter. UMB Bank n.a. now owns 404,042 shares of the company’s stock valued at $2,509,000 after purchasing an additional 121,105 shares in the last quarter. Principal Financial Group Inc. increased its stake in Liberty Global by 3.9% during the 1st quarter. Principal Financial Group Inc. now owns 71,532 shares of the company’s stock valued at $444,000 after purchasing an additional 2,652 shares in the last quarter. American Century Companies Inc. increased its stake in Liberty Global by 12.3% during the 1st quarter. American Century Companies Inc. now owns 315,750 shares of the company’s stock valued at $1,961,000 after purchasing an additional 34,634 shares in the last quarter. Deutsche Bank AG increased its stake in Liberty Global by 12.6% during the 1st quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock valued at $13,151,000 after purchasing an additional 236,356 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Liberty Global by 25.6% during the 4th 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 purchasing an additional 67,621 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Stock Performance

NASDAQ:LILAK opened at $8.08 on Friday. The company’s 50-day moving average price is $7.58 and its 200-day moving average price is $6.37. 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 company has a market cap of $1.62 billion, a P/E ratio of -1.36 and a beta of 1.02. Liberty Global PLC has a twelve month low of $4.23 and a twelve month high of $10.67.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share 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 analysts’ expectations of $1.11 billion. Liberty Global had a negative return on equity of 71.58% and a negative net margin of 26.61%.

Wall Street Analyst Weigh In

Separately, Scotiabank upped their price target 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.85.

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.