Insider Buying: Liberty Global (NASDAQ:LILAK) Director Acquires 28,219 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 28,219 shares of Liberty Global stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $8.50 per share, with a total value of $239,861.50. Following the completion of the acquisition, the director owned 178,524 shares in the company, valued at $1,517,454. The trade was a 18.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Global Stock Performance

Shares of NASDAQ LILAK traded down $0.10 during trading hours on Thursday, hitting $8.43. The stock had a trading volume of 1,228,733 shares, compared to its average volume of 1,125,989. The firm’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $7.88. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The company has a market capitalization of $1.70 billion, a P/E ratio of -17.20 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Institutional Trading of Liberty Global

Several large investors have recently modified their holdings of LILAK. Rubric Capital Management LP raised its holdings 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 worth $135,788,000 after acquiring an additional 4,738,495 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock valued at $85,439,000 after acquiring an additional 129,952 shares during the period. Fourth Sail Capital LP grew 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 purchasing an additional 533,221 shares during the last quarter. Alta Fundamental Advisers LLC increased its stake in shares of Liberty Global by 10.8% in the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after purchasing an additional 200,000 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in shares of Liberty Global by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,268,542 shares of the company’s stock worth $9,463,000 after purchasing an additional 4,870 shares during the last quarter. 52.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup upped their price target on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and a consensus target price of $8.60.

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.