Liberty Global (NASDAQ:LILAK) Stock Price Down 4.2% – What’s Next?

Liberty Global PLC (NASDAQ:LILAK)’s stock price was down 4.2% during trading on Monday . The stock traded as low as $7.74 and last traded at $7.6950. Approximately 345,263 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 1,097,246 shares. The stock had previously closed at $8.03.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Wall Street Zen cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 6th. Finally, Scotiabank increased their target price 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. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and an average price target of $8.20.

Liberty Global Price Performance

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 company has a market cap of $1.53 billion, a price-to-earnings ratio of -2.08 and a beta of 0.98. The business has a 50-day moving average price of $8.31 and a 200 day moving average price of $7.64.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Liberty Global had a negative return on equity of 54.11% and a negative net margin of 16.57%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. grew its stake in shares of Liberty Global by 12.3% in the 1st quarter. American Century Companies Inc. now owns 315,750 shares of the company’s stock valued at $1,961,000 after buying an additional 34,634 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in Liberty Global in the second quarter valued at approximately $14,483,000. Dynamic Technology Lab Private Ltd grew its position in Liberty Global by 422.7% in the first quarter. Dynamic Technology Lab Private Ltd now owns 88,633 shares of the company’s stock worth $550,000 after acquiring an additional 71,677 shares in the last quarter. Nuveen LLC acquired a new position in shares of Liberty Global during the 1st quarter worth $2,327,000. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.