Liberty Global (NASDAQ:LILAK) Director Purchases $273,119.28 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 13,362 shares of the company’s stock in a transaction on Friday, September 25th. The shares were bought at an average price of $20.44 per share, with a total value of $273,119.28. Following the completion of the purchase, the director directly owned 1,402,705 shares of the company’s stock, valued at approximately $28,671,290.20. This represents a 0.96% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Global Stock Performance

Shares of NASDAQ:LILAK opened at $8.22 on Thursday. The company’s fifty day moving average is $8.41 and its 200-day moving average is $8.02. 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 $1.61 billion, a PE ratio of -16.78 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion.

Analysts Set New Price Targets

LILAK has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup raised their target price on Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, UBS Group initiated coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target on the stock. Two equities research 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, the stock presently has an average rating of “Reduce” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 period. Corient Private Wealth LP bought a new position in Liberty Global in the second quarter valued at about $99,000. AXQ Capital LP acquired a new stake in Liberty Global in the fourth quarter worth about $108,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Liberty Global in the second quarter worth about $142,000. Finally, Jefferies Financial Group Inc. acquired a new position in Liberty Global during the 4th quarter valued at about $152,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Company Profile

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.