Short Interest in Liberty Global PLC (LILAK) Grows By 41.3%
Liberty Global PLC (NASDAQ:LILAK) saw a large growth in short interest during the month of September. As of September 29th, there was short interest totalling 4,839,643 shares, a growth of 41.3% from the September 15th total of 3,424,637 shares. Based on an average daily volume of 764,030 shares, the days-to-cover ratio is currently 6.3 days. Approximately 4.3% of the company’s shares are short sold.
Several research analysts have recently issued reports on the stock. BidaskClub raised shares of Liberty Global PLC from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 12th. HSBC Holdings plc assumed coverage on shares of Liberty Global PLC in a research note on Monday. They set a “reduce” rating on the stock. Finally, Macquarie lowered shares of Liberty Global PLC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, September 27th.
A number of hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC boosted its holdings in Liberty Global PLC by 418.5% in the second quarter. Cubist Systematic Strategies LLC now owns 79,895 shares of the company’s stock valued at $1,711,000 after acquiring an additional 64,485 shares during the last quarter. MIG Capital LLC boosted its holdings in Liberty Global PLC by 14.3% in the second quarter. MIG Capital LLC now owns 1,552,022 shares of the company’s stock valued at $33,229,000 after acquiring an additional 194,524 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Liberty Global PLC in the second quarter valued at approximately $1,592,000. Newtyn Management LLC boosted its holdings in Liberty Global PLC by 10.5% in the second quarter. Newtyn Management LLC now owns 1,105,000 shares of the company’s stock valued at $23,658,000 after acquiring an additional 105,000 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Liberty Global PLC by 14.3% in the second quarter. Royal Bank of Canada now owns 27,458 shares of the company’s stock valued at $587,000 after acquiring an additional 3,444 shares during the last quarter. Institutional investors and hedge funds own 51.91% of the company’s stock.
Liberty Global PLC (NASDAQ LILAK) opened at 23.43 on Thursday. The company’s market cap is $4.02 billion. Liberty Global PLC has a 1-year low of $19.33 and a 1-year high of $28.41. The company’s 50-day moving average is $24.22 and its 200 day moving average is $24.22.
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Liberty Global PLC Company Profile
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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