Y Intercept Hong Kong Ltd Takes $1.43 Million Position in Liberty Global PLC $LILAK

Y Intercept Hong Kong Ltd bought a new stake in shares of Liberty Global PLC (NASDAQ:LILAK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 229,992 shares of the company’s stock, valued at approximately $1,431,000. Y Intercept Hong Kong Ltd owned about 0.12% of Liberty Global at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Global by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,002,780 shares of the company’s stock valued at $24,857,000 after purchasing an additional 72,802 shares during the last quarter. Long Focus Capital Management LLC boosted its position in shares of Liberty Global by 8.6% during the first quarter. Long Focus Capital Management LLC now owns 3,295,336 shares of the company’s stock worth $20,464,000 after buying an additional 260,720 shares during the period. Fourth Sail Capital LP acquired a new position in shares of Liberty Global during the first quarter worth approximately $15,734,000. Deutsche Bank AG boosted its position in shares of Liberty Global by 12.6% during the first quarter. Deutsche Bank AG now owns 2,117,792 shares of the company’s stock worth $13,151,000 after buying an additional 236,356 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Liberty Global by 29.7% during the first quarter. Hsbc Holdings PLC now owns 1,049,737 shares of the company’s stock worth $6,582,000 after buying an additional 240,320 shares during the period. 52.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Scotiabank boosted their price objective on Liberty Global from $5.10 to $8.20 and gave the stock 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 Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and an average target price of $7.85.

Liberty Global Stock Performance

LILAK opened at $7.91 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -1.33 and a beta of 1.05. 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 1-year low of $4.23 and a 1-year high of $10.67. The business has a 50 day moving average price of $8.15 and a two-hundred day moving average price of $6.81.

Liberty Global (NASDAQ:LILAK) last released its earnings results 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 firm 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%.

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.