Alta Fundamental Advisers LLC Acquires 200,000 Shares of Liberty Global PLC $LILAK

Alta Fundamental Advisers LLC raised its holdings in Liberty Global PLC (NASDAQ:LILAK) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,053,559 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Liberty Global comprises approximately 7.0% of Alta Fundamental Advisers LLC’s portfolio, making the stock its 4th largest holding. Alta Fundamental Advisers LLC’s holdings in Liberty Global were worth $15,320,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of Liberty Global by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after acquiring an additional 1,494 shares during the period. Legal & General Group Plc increased its stake in shares of Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after acquiring an additional 2,533 shares during the period. CWM LLC increased its stake in shares of Liberty Global by 22.7% during the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after acquiring an additional 2,552 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Liberty Global by 33.1% during the second quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after acquiring an additional 3,150 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Liberty Global by 4.4% during the first 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 during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Balan Nair bought 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the transaction, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This represents a 0.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone bought 12,406,463 shares of the stock in a transaction on Friday, May 22nd. The shares were bought at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the transaction, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 9.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LILAK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Liberty Global presently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Trading Down 3.7%

Shares of LILAK opened at $7.57 on Friday. 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 firm’s 50-day moving average is $8.24 and its two-hundred day moving average is $8.06. Liberty Global PLC has a twelve month low of $5.03 and a twelve month high of $9.13. The firm has a market capitalization of $1.52 billion, a P/E ratio of -3.05 and a beta of 0.71.

Shares of Liberty Global are set to split on the morning of Wednesday, June 17th. The 11-10 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Tuesday, June 16th.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.

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.