Liberty Global PLC $LILAK Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 45.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,778 shares of the company’s stock after selling 212,620 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.13% of Liberty Global worth $2,193,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in Liberty Global during the second quarter worth about $30,000. PNC Financial Services Group Inc. grew its stake in Liberty Global by 45.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock valued at $36,000 after acquiring an additional 1,797 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in Liberty Global in the 3rd quarter valued at about $50,000. Headlands Technologies LLC raised its holdings in Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in Liberty Global in the 2nd quarter worth approximately $66,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Trading Down 3.0%

Shares of LILAK opened at $7.84 on Friday. Liberty Global PLC has a 12-month low of $4.23 and a 12-month high of $9.13. The firm has a market capitalization of $1.57 billion, a P/E ratio of -2.56 and a beta of 0.97. The firm has a 50-day moving average price of $7.84 and a 200 day moving average price of $8.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on LILAK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Insider Activity

In other news, CAO Brian D. Zook sold 94,494 shares of Liberty Global 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 sale, the chief accounting officer owned 6,813 shares of the company’s stock, valued at approximately $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 9.66% of the stock is owned by corporate insiders.

About Liberty Global

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.