VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Liberty Global PLC $LILAK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Liberty Global PLC (NASDAQ:LILAK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,189 shares of the company’s stock, valued at approximately $132,000.

A number of other institutional investors have also recently modified their holdings of LILAK. Fourth Sail Capital LP acquired a new stake in shares of Liberty Global in the first quarter valued at about $15,734,000. Nuveen LLC acquired a new stake in shares of Liberty Global during the 1st quarter valued at approximately $2,327,000. Long Focus Capital Management LLC lifted its position in shares of Liberty Global by 8.6% during the 1st quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company’s stock valued at $20,464,000 after acquiring an additional 260,720 shares during the period. Hsbc Holdings PLC lifted its position in shares of Liberty Global by 29.7% during the 1st quarter. Hsbc Holdings PLC now owns 1,049,737 shares of the company’s stock valued at $6,582,000 after acquiring an additional 240,320 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of 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 acquiring an additional 236,356 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Up 3.1%

LILAK opened at $8.72 on Monday. The business’s fifty day moving average is $8.16 and its two-hundred day moving average is $6.71. 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 company has a market cap of $1.74 billion, a price-to-earnings ratio of -1.47 and a beta of 0.98. Liberty Global PLC has a one year low of $4.23 and a one year high of $10.67.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on LILAK. Scotiabank lifted 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 report on Thursday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Saturday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Global presently has an average rating of “Reduce” and a consensus price target 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.