Nordea Investment Management AB Sells 115,411 Shares of Liberty Global PLC $LILAK

Nordea Investment Management AB reduced its stake in shares of Liberty Global PLC (NASDAQ:LILAK) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 780,426 shares of the company’s stock after selling 115,411 shares during the quarter. Nordea Investment Management AB’s holdings in Liberty Global were worth $5,740,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP purchased a new position in Liberty Global in the third quarter valued at about $2,110,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Liberty Global during the third quarter valued at about $114,000. Dark Forest Capital Management LP boosted its holdings in shares of Liberty Global by 64.9% in the 3rd quarter. Dark Forest Capital Management LP now owns 326,335 shares of the company’s stock valued at $2,754,000 after buying an additional 128,475 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Liberty Global in the 3rd quarter valued at about $98,000. Finally, Bank of America Corp DE grew its position in shares of Liberty Global by 1.2% in the 3rd quarter. Bank of America Corp DE now owns 470,023 shares of the company’s stock worth $3,967,000 after buying an additional 5,501 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

Liberty Global Trading Down 1.2%

Shares of NASDAQ:LILAK opened at $8.39 on Friday. The business’s 50-day moving average is $7.92 and its 200 day moving average is $8.03. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. Liberty Global PLC has a 1 year low of $4.23 and a 1 year high of $9.13. The firm has a market capitalization of $1.68 billion, a P/E ratio of -2.74 and a beta of 0.97.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share 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 business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion.

Insider Activity at Liberty Global

In related news, CAO Brian D. Zook sold 94,494 shares of the 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 completion of the transaction, the chief accounting officer directly 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 document filed with the SEC, which is available through this hyperlink. 9.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LILAK. Weiss Ratings reiterated 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 research note on Sunday, March 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $8.20.

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.