Liberty Global (NASDAQ:LILAK) Stock Rating Upgraded by Wall Street Zen
by Doug Wharley · The Cerbat GemLiberty Global (NASDAQ:LILAK – Get Free Report) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.
Separately, Weiss Ratings restated 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 issued a Sell rating to the company. According to data from MarketBeat, Liberty Global currently has an average rating of “Reduce” and an average price target of $8.20.
View Our Latest Stock Analysis on LILAK
Liberty Global Stock Performance
Shares of NASDAQ LILAK opened at $8.52 on Friday. Liberty Global has a 12-month low of $4.23 and a 12-month high of $9.13. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -2.78 and a beta of 0.84. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock’s 50 day simple moving average is $8.04 and its 200 day simple moving average is $8.06.
Liberty Global (NASDAQ:LILAK – Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion.
Insider Transactions 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 stock was 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 represents a 93.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.66% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Rubric Capital Management LP acquired a new position in shares of Liberty Global during the third quarter valued at $86,569,000. Oaktree Capital Management LP increased 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 buying an additional 4,341,307 shares during the period. Banco Santander S.A. increased 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 buying an additional 983,944 shares during the period. Sculptor Capital LP bought a new stake in shares of Liberty Global during the 2nd quarter worth about $3,627,000. Finally, Fourth Sail Capital LP lifted its stake in shares of Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after acquiring an additional 533,221 shares during the period. Institutional investors own 52.98% of the company’s stock.
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.