Oaktree Capital Management LP Has $56.29 Million Holdings in Liberty Global PLC $LILAK

Oaktree Capital Management LP increased its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 186.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,669,823 shares of the company’s stock after acquiring an additional 4,341,307 shares during the period. Liberty Global comprises about 0.4% of Oaktree Capital Management LP’s portfolio, making the stock its 28th largest position. Oaktree Capital Management LP’s holdings in Liberty Global were worth $56,293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LILAK. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,205,771 shares of the company’s stock worth $77,696,000 after purchasing an additional 63,668 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Liberty Global by 24.5% in the third quarter. Allianz Asset Management GmbH now owns 1,287,750 shares of the company’s stock valued at $10,869,000 after purchasing an additional 253,169 shares in the last quarter. Banco Santander S.A. lifted its holdings in shares of Liberty Global by 899.7% in the third quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock valued at $9,228,000 after purchasing an additional 983,944 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Liberty Global by 1.6% during the third quarter. Nordea Investment Management AB now owns 895,837 shares of the company’s stock worth $7,668,000 after buying an additional 13,836 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Liberty Global by 0.7% during the second quarter. Empowered Funds LLC now owns 871,800 shares of the company’s stock worth $5,423,000 after buying an additional 5,908 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

Liberty Global Stock Performance

Shares of LILAK stock traded up $0.10 during trading on Friday, reaching $7.81. 33,069 shares of the company’s stock were exchanged, compared to its average volume of 933,146. The stock has a market capitalization of $1.56 billion, a PE ratio of -2.54 and a beta of 0.97. The firm’s fifty day moving average price is $7.74 and its 200-day moving average price is $8.03. Liberty Global PLC has a twelve month low of $4.23 and a twelve month high of $9.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78.

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). Liberty Global had a negative return on equity of 48.22% and a negative net margin of 13.76%.The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Insider Activity

In other news, CAO Brian D. Zook sold 94,494 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the transaction, the chief accounting officer owned 6,813 shares of the company’s stock, valued at approximately $54,776.52. This represents a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.