Liberty Global PLC $LILAK Shares Sold by Cook & Bynum Capital Management LLC

Cook & Bynum Capital Management LLC trimmed its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 21.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,363,971 shares of the company’s stock after selling 374,212 shares during the period. Liberty Global makes up about 8.5% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 4th biggest position. Cook & Bynum Capital Management LLC’s holdings in Liberty Global were worth $10,175,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new stake in Liberty Global during the 3rd quarter valued at approximately $2,110,000. Banco Santander S.A. lifted its stake in Liberty Global by 899.7% during the 3rd quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock valued at $9,228,000 after acquiring an additional 983,944 shares during the period. GSA Capital Partners LLP acquired a new stake in Liberty Global during the 3rd quarter valued at approximately $760,000. Oaktree Capital Management LP lifted its stake in Liberty Global by 186.4% during the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock valued at $56,293,000 after acquiring an additional 4,341,307 shares during the period. Finally, Fourth Sail Capital LP lifted its stake in Liberty Global by 22.6% during the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after acquiring an additional 533,221 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Price Performance

NASDAQ:LILAK opened at $5.25 on Thursday. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -2.12 and a beta of 0.71. The company has a 50 day moving average price of $8.05 and a 200-day moving average price of $8.00. Liberty Global PLC has a 1-year low of $5.17 and a 1-year high of $9.13.

Liberty Global (NASDAQ:LILAK) last posted its 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). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LILAK shares. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.20.

Insider Activity at Liberty Global

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

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.