Liberty Global PLC $LILAK Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 45.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 259,778 shares of the company’s stock after selling 212,620 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Liberty Global were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LILAK. Rubric Capital Management LP purchased a new stake in Liberty Global in the 3rd quarter valued at about $86,569,000. Dimensional Fund Advisors LP boosted its stake in Liberty Global by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 9,205,771 shares of the company’s stock worth $77,696,000 after buying an additional 63,668 shares during the period. Oaktree Capital Management LP boosted its stake in Liberty Global by 186.4% during the third quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares during the period. Allianz Asset Management GmbH increased its position in shares of Liberty Global by 24.5% during the third quarter. Allianz Asset Management GmbH now owns 1,287,750 shares of the company’s stock valued at $10,869,000 after acquiring an additional 253,169 shares during the last quarter. Finally, Banco Santander S.A. increased its position in shares of Liberty Global by 899.7% during the third 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 last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Brian D. Zook sold 94,494 shares of Liberty Global stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at approximately $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.66% of the company’s stock.

Liberty Global Stock Down 3.0%

Shares of NASDAQ:LILAK opened at $7.84 on Friday. Liberty Global PLC has a fifty-two week low of $4.23 and a fifty-two week high of $9.13. The firm’s 50 day moving average price is $7.84 and its 200 day moving average price is $8.02. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -2.56 and a beta of 0.97.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion.

Analysts Set New Price Targets

LILAK has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $8.20.

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.