Fourth Sail Capital LP Purchases 533,221 Shares of Liberty Global PLC $LILAK

Fourth Sail Capital LP increased its position in shares of Liberty Global PLC (NASDAQ:LILAK) by 22.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,895,728 shares of the company’s stock after buying an additional 533,221 shares during the quarter. Liberty Global makes up 3.5% of Fourth Sail Capital LP’s investment portfolio, making the stock its 13th largest holding. Fourth Sail Capital LP’s holdings in Liberty Global were worth $21,602,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in Liberty Global during the 2nd quarter valued at $30,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC acquired a new position in Liberty Global during the 4th quarter valued at $75,000. Diversified Trust Co. acquired a new position in Liberty Global during the 4th quarter valued at $78,000. Finally, CIBC Asset Management Inc acquired a new position in Liberty Global during the 4th quarter valued at $84,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Trading Up 3.5%

Shares of LILAK stock opened at $8.20 on Friday. Liberty Global PLC has a 52-week low of $5.33 and a 52-week high of $9.13. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of -3.31 and a beta of 0.71. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a fifty day moving average of $8.15 and a 200-day moving average of $8.04.

Liberty Global’s stock is scheduled to split on Wednesday, June 17th. The 11-10 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 16th.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion.

Insiders Place Their Bets

In other news, CEO Balan Nair bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the transaction, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This trade represents a 0.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Malone bought 12,406,463 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the transaction, the director directly owned 21,173,018 shares in the company, valued at $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 9.66% of the company’s stock.

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.