John Malone Purchases 17,693 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 17,693 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $7.00 per share, with a total value of $123,851.00. Following the transaction, the director owned 3,725,813 shares in the company, valued at $26,080,691. The trade was a 0.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Performance

Shares of NASDAQ LILAK opened at $7.79 on Wednesday. The firm’s 50-day moving average price is $7.66 and its 200-day moving average price is $7.85. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.57 billion, a PE ratio of -3.14 and a beta of 0.71. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

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

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in shares of Liberty Global by 67.3% during the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock worth $1,233,000 after acquiring an additional 79,917 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Liberty Global by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after acquiring an additional 3,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Liberty Global by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock worth $2,280,000 after purchasing an additional 35,844 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Liberty Global by 316.4% in the 1st quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock worth $955,000 after purchasing an additional 116,861 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after purchasing an additional 2,533 shares during the period. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Liberty Global Company Profile

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.