Y Intercept Hong Kong Ltd Trims Holdings in Liberty Global PLC $LILAK

Y Intercept Hong Kong Ltd cut its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 61.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,879 shares of the company’s stock after selling 142,113 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Liberty Global were worth $742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LILAK. Raymond James Financial Inc. purchased a new position in shares of Liberty Global during the 2nd quarter valued at about $30,000. PNC Financial Services Group Inc. boosted its position in Liberty Global by 45.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock worth $36,000 after purchasing an additional 1,797 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Liberty Global during the 3rd quarter valued at approximately $50,000. Headlands Technologies LLC increased its holdings in shares of 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 in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Liberty Global in the 2nd quarter valued at $66,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Up 0.9%

NASDAQ LILAK opened at $7.85 on Tuesday. The business has a fifty day moving average price of $7.91 and a 200 day moving average price of $7.93. 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 company has a market cap of $1.57 billion, a P/E ratio of -2.13 and a beta of 0.99. Liberty Global PLC has a one year low of $4.23 and a one year high of $9.13.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Liberty Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Liberty Global presently has a consensus rating of “Reduce” and an average target price of $8.20.

Liberty Global 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.