Liberty Global (NASDAQ:LILAK) Director Charles Bracken Purchases 4,900 Shares

Liberty Global PLC (NASDAQ:LILAK) Director Charles Bracken bought 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $20.50 per share, with a total value of $100,450.00. Following the purchase, the director owned 18,867 shares of the company’s stock, valued at $386,773.50. The trade was a 35.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty Global Trading Up 5.5%

Shares of Liberty Global 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 company has a fifty day simple moving average of $7.73 and a 200-day simple moving average of $7.87. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -2.79 and a beta of 0.71. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13.

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

Wall Street Analyst Weigh In

LILAK has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $8.20.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after purchasing an additional 29,933 shares during the period. Cim Investment Management Inc. lifted its holdings in shares of Liberty Global by 142.3% during the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock worth $389,000 after purchasing an additional 25,885 shares during the period. Bank of America Corp DE lifted its holdings in shares of Liberty Global by 26.7% during the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after purchasing an additional 98,507 shares during the period. EverSource Wealth Advisors LLC grew its position in Liberty Global by 377.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after buying an additional 2,479 shares during the last quarter. Finally, Rubric Capital Management LP grew its position in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after buying an additional 4,738,495 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.