Oaktree Capital Management LP Buys Shares of 2,328,516 Liberty Global PLC $LILAK

Oaktree Capital Management LP bought a new stake in Liberty Global PLC (NASDAQ:LILAK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,328,516 shares of the company’s stock, valued at approximately $14,483,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Liberty Global by 45.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,773 shares of the company’s stock valued at $36,000 after purchasing an additional 1,797 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $66,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Liberty Global during the 2nd quarter worth approximately $132,000. Entropy Technologies LP bought a new stake in Liberty Global in the 1st quarter valued at $140,000. Finally, Quantbot Technologies LP bought a new position in Liberty Global during the second quarter worth $165,000. 52.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LILAK has been the subject of several research reports. Wall Street Zen upgraded shares of Liberty Global from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 15th. Scotiabank boosted their price target on Liberty Global from $5.10 to $8.20 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $8.20.

Liberty Global Stock Up 0.5%

Shares of LILAK opened at $8.80 on Friday. The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08. Liberty Global PLC has a 52 week low of $4.23 and a 52 week high of $9.05. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of -2.38 and a beta of 0.98. The stock has a fifty day moving average of $8.29 and a 200-day moving average of $7.31.

Liberty Global (NASDAQ:LILAK) last posted its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 46.60%.

About Liberty Global

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.