Liberty Global (NASDAQ:LILAK) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Liberty Global (NASDAQ:LILAK) from a buy rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $8.20.

Liberty Global Stock Down 2.1%

Shares of Liberty Global stock opened at $7.82 on Friday. The firm’s 50 day moving average price is $8.27 and its 200-day moving average price is $8.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global has a 52-week low of $4.36 and a 52-week high of $9.13. The company has a market cap of $1.56 billion, a P/E ratio of -3.15 and a beta of 0.72.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Insiders Place Their Bets

In other Liberty Global news, CAO Brian D. Zook sold 94,494 shares of the business’s 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 sale, the chief accounting officer 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 available at this link. Corporate insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Global

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Liberty Global by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after purchasing an additional 129,952 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Liberty Global during the 1st quarter worth approximately $351,000. Hsbc Holdings PLC grew its position in Liberty Global by 8.3% during the 4th quarter. Hsbc Holdings PLC now owns 41,840 shares of the company’s stock worth $309,000 after purchasing an additional 3,194 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Liberty Global by 93.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,399 shares of the company’s stock worth $167,000 after purchasing an additional 10,829 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Liberty Global by 183.0% during the 4th quarter. Mackenzie Financial Corp now owns 194,876 shares of the company’s stock worth $1,455,000 after purchasing an additional 126,009 shares during the last quarter. Hedge funds and other 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.