Fourth Sail Capital LP has increased its investment in Liberty Global PLC by a significant 51.4% during the second quarter of 2023. According to data from HoldingsChannel, this move has raised the fund’s total holdings in Liberty Global to 3,835,640 shares, following the purchase of an additional 1,302,037 shares. Liberty Global now constitutes approximately 4.9% of Fourth Sail Capital’s portfolio, making it the fund’s sixth-largest holding.
As of the end of the latest reporting period, Fourth Sail Capital’s stake in Liberty Global was valued at approximately $23,858,000. Other institutional investors have also adjusted their positions in the company, indicating growing interest in the stock. For instance, Nuveen LLC acquired a new position in Liberty Global during the first quarter, valued at around $2,327,000.
Additionally, Long Focus Capital Management LLC has increased its stake by 8.6% in the same period, resulting in ownership of 3,295,336 shares worth approximately $20,464,000 after purchasing an extra 260,720 shares. Similarly, HSBC Holdings PLC raised its holdings by 29.7%, now owning 1,049,737 shares valued at $6,582,000. Deutsche Bank AG also lifted its stake by 12.6%, gaining 2,117,792 shares worth about $13,151,000 after acquiring an additional 236,356 shares.
In total, institutional investors now hold 52.98% of Liberty Global’s shares, reflecting a consolidated interest in the company.
Liberty Global’s Recent Market Performance
On Monday, shares of Liberty Global opened at $7.95, down 7.5% from previous trading. The company currently has a market capitalization of approximately $1.59 billion and a price-to-earnings ratio of -2.15. Over the past year, the stock has fluctuated between a low of $4.23 and a high of $9.05. Its fifty-day simple moving average stands at $8.13, while the 200-day average is at $6.91.
Liberty Global maintains a current ratio and quick ratio of 1.08, alongside a debt-to-equity ratio of 5.00, highlighting its financial leverage in the market.
Analysts’ Insights and Ratings
Recent analyses of Liberty Global’s stock have produced mixed ratings. On October 8, 2023, Weiss Ratings reiterated a “sell (d-)” rating on the stock. Conversely, Scotiabank adjusted its price target for Liberty Global from $5.10 to $8.20, assigning a “sector perform” rating in a report published on August 28, 2023. Currently, two research analysts have rated the stock as a Hold, while one has issued a Sell rating. According to MarketBeat.com, the stock has an average rating of “Reduce” with a price target of $7.85.
Liberty Global, through its subsidiaries, provides a broad range of telecommunications services, including fixed, mobile, and subsea communications. Its operations span various segments, including C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rica, offering services such as video, broadband internet, and telephony to both residential and business customers.
For more detailed information on hedge fund activities and insider trades related to Liberty Global, investors can visit HoldingsChannel.com, which provides the latest 13F filings and updates.
