S&CO Inc. Sells 213,955 Shares of Liberty Global PLC $LILAK

S&CO Inc. lowered its position in shares of Liberty Global PLC (NASDAQ:LILAK) by 75.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,906 shares of the company’s stock after selling 213,955 shares during the period. S&CO Inc.’s holdings in Liberty Global were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Liberty Global by 67.3% in the first quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock worth $1,233,000 after purchasing an additional 79,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Liberty Global by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after acquiring an additional 3,234 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Liberty Global by 10.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock valued at $2,280,000 after buying an additional 35,844 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Liberty Global by 316.4% in the first quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock worth $955,000 after buying an additional 116,861 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after purchasing an additional 2,533 shares during the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Down 1.7%

LILAK stock opened at $7.33 on Friday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -2.96 and a beta of 0.72. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The firm has a 50-day moving average of $7.42 and a two-hundred day moving average of $7.79.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.

Analyst Ratings Changes

Several research firms have recently weighed in on LILAK. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Finally, Citigroup reiterated a “neutral” rating and set a $8.00 price objective (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and an average target price of $8.10.

Insider Transactions at Liberty Global

In other Liberty Global news, Director Brendan J. Paddick acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the acquisition, the director owned 1,559,542 shares of the company’s stock, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Malone bought 17,693 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of $7.00 per share, with a total value of $123,851.00. Following the completion of the acquisition, the director owned 3,725,813 shares of the company’s stock, valued at $26,080,691. This trade represents a 0.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 14,820,228 shares of company stock worth $121,249,631. 9.66% of the stock is owned by corporate insiders.

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.