Banco Santander S.A. Acquires 983,944 Shares of Liberty Global PLC $LILAK

Banco Santander S.A. increased its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 899.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,093,309 shares of the company’s stock after buying an additional 983,944 shares during the period. Banco Santander S.A. owned about 0.55% of Liberty Global worth $9,228,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its stake in shares of Liberty Global by 67.3% during the first quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock valued at $1,233,000 after acquiring an additional 79,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 valued at $478,000 after purchasing an additional 3,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Liberty Global by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock worth $2,280,000 after purchasing an additional 35,844 shares during the last quarter. Jane Street Group LLC lifted its holdings in Liberty Global by 316.4% during the 1st quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock worth $955,000 after buying an additional 116,861 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Liberty Global during the 2nd quarter worth about $1,431,000. 52.98% of the stock is owned by institutional investors.

Liberty Global Stock Performance

LILAK stock opened at $7.94 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of -2.59 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock has a 50-day moving average price of $7.69 and a 200-day moving average price of $8.04. Liberty Global PLC has a 1-year low of $4.23 and a 1-year high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.37). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Global had a negative net margin of 13.76% and a negative return on equity of 48.22%.

Wall Street Analyst Weigh In

LILAK has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Wall Street Zen upgraded Liberty Global from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $8.20.

Insider Activity

In other news, CAO Brian D. Zook sold 94,494 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the sale, the chief accounting officer owned 6,813 shares of the company’s stock, valued at $54,776.52. This trade represents a 93.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.66% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.