Fourth Sail Capital LP has significantly increased its investment in Liberty Global PLC by purchasing an additional 1,302,037 shares, raising its holdings by 51.4% during the second quarter of 2023. According to reports from HoldingsChannel, this move brings Fourth Sail Capital’s total shares in Liberty Global to 3,835,640, which now constitutes approximately 4.9% of its overall portfolio, making it the fund’s sixth largest holding. The estimated value of Fourth Sail Capital’s stake in Liberty Global stands at about $23,858,000 as of the latest reporting period.
Increased Interest from Other Investors
Other major institutional investors have also adjusted their positions in Liberty Global. Nuveen LLC initiated a new investment during the first quarter, valued at approximately $2,327,000. Meanwhile, Long Focus Capital Management LLC increased its stake by 8.6%, acquiring an additional 260,720 shares, bringing their total to 3,295,336 shares, valued at $20,464,000.
HSBC Holdings PLC boosted its holdings in Liberty Global by 29.7%, now owning 1,049,737 shares worth $6,582,000 after purchasing an additional 240,320 shares. Deutsche Bank AG also increased its stake by 12.6% during the same period, now holding 2,117,792 shares valued at $13,151,000. Additionally, Y Intercept Hong Kong Ltd acquired a new stake in Liberty Global during the second quarter, valued at $1,431,000. Overall, institutional investors now own approximately 52.98% of Liberty Global’s stock.
Stock Performance and Analyst Ratings
Shares of Liberty Global opened at $7.95 on Monday, reflecting a decline of 7.5%. The company currently holds a market capitalization of $1.59 billion, with a price-to-earnings ratio of -2.15 and a beta of 1.05. Over the past year, Liberty Global has witnessed a low of $4.23 and a high of $9.05. Its fifty-day simple moving average is $8.13, while the 200-day average stands at $6.91. Financial ratios indicate a current ratio of 1.08, a quick ratio of 1.08, and a debt-to-equity ratio of 5.00.
Recent analyst reports have conveyed mixed sentiments regarding the company’s stock. Weiss Ratings reiterated a “sell (d-)” rating on October 8, 2023. In contrast, Scotiabank raised its price target from $5.10 to $8.20 and assigned a “sector perform” rating. Currently, two equity research analysts have rated Liberty Global with a Hold rating, while one has issued a Sell rating. According to MarketBeat.com, the stock holds an average rating of “Reduce” with a price target of $7.85.
Liberty Global PLC, along with its subsidiaries, provides a variety of telecommunications services, including fixed, mobile, and subsea services. Its operations span across segments such as C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rica. The company offers a wide range of services, including video, broadband internet, fixed-line telephony, and mobile services for both residential and business customers. Additionally, it provides enterprise-grade connectivity, data center solutions, and IT services for small and medium enterprises, international firms, and governmental agencies.
For those interested in further developments regarding Liberty Global, HoldingsChannel.com offers up-to-date information on 13F filings and insider trades related to the company.
