Intech Investment Management LLC Sells 19,939 Shares of Liberty Global PLC $LILAK

Intech Investment Management LLC cut its position in Liberty Global PLC (NASDAQ:LILAK) by 27.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,259 shares of the company’s stock after selling 19,939 shares during the quarter. Intech Investment Management LLC’s holdings in Liberty Global were worth $325,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Global by 45.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after acquiring an additional 1,797 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Liberty Global by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after acquiring an additional 3,234 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Liberty Global by 40.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 30,423 shares of the company’s stock valued at $189,000 after purchasing an additional 8,763 shares during the last quarter. Cullen Investment Group LTD. increased its position in shares of Liberty Global by 87.7% during the second quarter. Cullen Investment Group LTD. now owns 32,100 shares of the company’s stock valued at $200,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Liberty Global by 1.8% in the second quarter. Nordea Investment Management AB now owns 882,001 shares of the company’s stock worth $5,451,000 after purchasing an additional 15,389 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Stock Performance

LILAK opened at $8.75 on Monday. Liberty Global PLC has a 52-week low of $4.23 and a 52-week high of $9.05. The firm’s 50-day moving average price is $8.25 and its 200-day moving average price is $7.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. The company has a market cap of $1.75 billion, a P/E ratio of -2.37 and a beta of 0.98.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.04. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 46.60%.

Analyst Ratings Changes

Several research firms have recently commented on LILAK. 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 report on Thursday, August 28th. Wall Street Zen raised shares of Liberty Global from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of “Reduce” and an average target price of $7.85.

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.