Nordea Investment Management AB Trims Holdings in Liberty Global PLC $LILAK

Nordea Investment Management AB trimmed its holdings in shares of Liberty Global PLC (NASDAQ:LILAK) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 780,426 shares of the company’s stock after selling 115,411 shares during the quarter. Nordea Investment Management AB owned 0.39% of Liberty Global worth $5,740,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LILAK. PNC Financial Services Group Inc. increased its stake 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 buying an additional 1,797 shares during the period. Legal & General Group Plc boosted its position in Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after buying an additional 2,533 shares during the period. Tower Research Capital LLC TRC boosted its position in Liberty Global by 33.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock valued at $79,000 after buying an additional 3,150 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Liberty Global by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after acquiring an additional 3,234 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Liberty Global by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 205,107 shares of the company’s stock worth $1,731,000 after acquiring an additional 3,483 shares in the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Down 1.2%

NASDAQ:LILAK opened at $8.39 on Friday. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. Liberty Global PLC has a 1-year low of $4.23 and a 1-year high of $9.13. The company has a 50-day moving average of $7.92 and a 200 day moving average of $8.03. The firm has a market cap of $1.68 billion, a PE ratio of -2.74 and a beta of 0.97.

Liberty Global (NASDAQ:LILAK) last posted its earnings results 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 net margin of 13.76% and a negative return on equity of 48.22%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.10 billion.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $8.20.

Insider Activity

In other news, CAO Brian D. Zook sold 94,494 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This trade represents a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.66% of the company’s stock.

Liberty Global Company 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.