Long Focus Capital Management LLC Has $16.84 Million Stock Holdings in Liberty Global PLC $LILAK

Long Focus Capital Management LLC trimmed its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 39.5% in the third quarter, HoldingsChannel.com reports. The fund owned 1,995,201 shares of the company’s stock after selling 1,300,135 shares during the quarter. Long Focus Capital Management LLC’s holdings in Liberty Global were worth $16,839,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Rubric Capital Management LP acquired a new position in Liberty Global in the third quarter valued at about $86,569,000. Dimensional Fund Advisors LP grew its stake in Liberty Global by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,205,771 shares of the company’s stock worth $77,696,000 after buying an additional 63,668 shares in the last quarter. Oaktree Capital Management LP grew its stake in Liberty Global by 186.4% during the third quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Liberty Global by 24.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,287,750 shares of the company’s stock valued at $10,869,000 after buying an additional 253,169 shares during the period. Finally, Banco Santander S.A. increased its holdings in Liberty Global by 899.7% in the 3rd quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock valued at $9,228,000 after buying an additional 983,944 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liberty Global 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 value of $759,731.76. Following the sale, the chief accounting officer owned 6,813 shares in the company, valued at $54,776.52. This trade represents a 93.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 9.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Liberty Global Stock Performance

Liberty Global stock opened at $7.95 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock has a market cap of $1.59 billion, a PE ratio of -2.60 and a beta of 0.97. Liberty Global PLC has a 12-month low of $4.23 and a 12-month high of $9.13. The business’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $8.03.

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

Liberty Global 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.