Liberty Global (NASDAQ:LILAK) Director John Malone Buys 51,832 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 51,832 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $8.48 per share, for a total transaction of $439,535.36. Following the acquisition, the director directly owned 237,117 shares of the company’s stock, valued at approximately $2,010,752.16. The trade was a 27.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Liberty Global Stock Performance

Shares of NASDAQ:LILAK opened at $8.47 on Wednesday. The business has a fifty day moving average of $7.90 and a 200-day moving average of $7.93. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The firm has a market cap of $1.66 billion, a PE ratio of -17.29 and a beta of 0.71.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Finally, Citigroup upped their price objective on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $9.00.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in Liberty Global by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after purchasing an additional 1,494 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Liberty Global by 5.4% during the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock worth $328,000 after buying an additional 2,253 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after buying an additional 2,479 shares during the last quarter. Legal & General Group Plc lifted its holdings in Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after buying an additional 2,533 shares during the period. Finally, CWM LLC boosted its stake in Liberty Global by 22.7% in the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after acquiring an additional 2,552 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.