Liberty Global plc – Class A Or (NASDAQ:LILA).
Genesis Asset Managers, Llp bought 823,813 shares in quarter ending 06/30/2017 increasing its stake in Liberty Global plc – Class A Or (LILA) by 11.1%. Its position was worth $180,053,000 an increase of $14,434,000 as of quarter end.
Here are a few additional firms who have increased or decreased their stake in (LILA). Davenport & Co LLC reduced its stake by selling 425 shares a decrease of 1.0% as of 06/30/2017. Davenport & Co LLC owns 40,225 shares worth $883,000. The total value of its holdings decreased 1.0%. Nomura Asset Management Co Ltd downsized its investment by shedding 131 shares a decrease of 21.4% in the quarter. Nomura Asset Management Co Ltd controls 482 shares with a value of $11,000. The value of the position overall is down by 15.4%.
Symphony Asset Management LLC divested its position by selling 3,144 shares a decrease of 25.6% from 03/31/2016 to 06/30/2016. Symphony Asset Management LLC now holds 9,115 shares valued at $294,000. The value of the position overall is down by 31.6%.
Equity analyst Morgan Stanley both downgraded the stock and lowered the price target on November 7 changing the price objective from $43.00 to $19.00 and setting the rating at “Equal-Weight” which had previously been “Equal-weight”. On November 7 the stock rating was downgraded from “Equal-weight” to “Equal-Weight” with a current price target of $19.00 in a report from Morgan Stanley.
Barclays released its first research report on the stock with an initial rating of “Equal-weight” and price target of $35.00. On September 3 Macquarie made no change to the company rating of “Outperform” and lowered the price expectation to $44.00 from $48.00.
September 1 investment analysts at Wunderlich maintained a stock rating of “Buy” and lowered the price target from $56.00 to $54.00. On August 3 analysts at Morgan Stanley issued its first research report on the stock by announcing an initial rating of “Equal-weight” and projecting a price target of $43.00.
The company is trading up by 0.24 percent from yesterday’s close. It is trading at $25.04 which is a tad above $20.96, the stock’s 50 day moving average and just a bit higher than the 200 day moving average of $22.26. The 50 day moving average was up $4.14 and the 200 day average moved up $2.84.
As of the last earnings report the EPS was $-1.30 and is expected to be $0.25 for the current year with 172,245,000 shares outstanding. Analysts expect next quarter’s EPS will be $0.04 with next year’s EPS projected to be $0.70.
Investors are a little more bearish on the company lately as indicated by the rise in short interest. The firm had a rise in short interest from June 15, 2017 to May 31, 2017 of 5.87%. Short interest increased 156,024 over that timeframe. With short interest at 2,815,892 and short average daily volume at 200,228, days to cover is 14.1 and the percentage of shorted shares was 0.02% on May 31.