Liberty Global (NASDAQ:LILAK) Director Purchases $488,000.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director Brendan Paddick acquired 100,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the transaction, the director owned 1,559,542 shares of the company’s stock, valued at approximately $7,610,564.96. The trade was a 6.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Liberty Global Stock Up 5.5%

LILAK stock opened at $6.91 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The firm has a market capitalization of $1.39 billion, a PE ratio of -2.79 and a beta of 0.71. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13. The business’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.87.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $8.20.

Institutional Trading of Liberty Global

Several hedge funds have recently added to or reduced their stakes in LILAK. Rubric Capital Management LP bought a new stake in Liberty Global in the 3rd quarter valued at $86,569,000. Oaktree Capital Management LP increased its position in Liberty Global by 186.4% during the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares during the period. Banco Santander S.A. lifted its holdings in shares of Liberty Global by 899.7% during the third quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock worth $9,228,000 after buying an additional 983,944 shares in the last quarter. Sculptor Capital LP acquired a new stake in shares of Liberty Global during the second quarter worth $3,627,000. Finally, Fourth Sail Capital LP boosted its position in shares of Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after acquiring an additional 533,221 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

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.