John Malone Acquires 113,704 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 113,704 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the purchase, the director owned 1,351,126 shares of the company’s stock, valued at approximately $13,673,395.12. This represents a 9.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Global Trading Up 0.7%

LILAK opened at $8.53 on Thursday. The firm has a market capitalization of $1.72 billion, a PE ratio of -17.41 and a beta of 0.71. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The firm’s 50-day moving average price is $7.46 and its 200 day moving average price is $7.88.

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

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in shares of Liberty Global by 3.9% during the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after purchasing an additional 29,933 shares during the period. Cim Investment Management Inc. lifted its position in Liberty Global by 142.3% in the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after buying an additional 25,885 shares during the last quarter. Bank of America Corp DE boosted its stake in 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 buying an additional 98,507 shares during the period. EverSource Wealth Advisors LLC increased its position 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 valued at $28,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Rubric Capital Management LP raised its stake in shares of 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 acquiring an additional 4,738,495 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analysts Set New Price Targets

LILAK has been the subject of several recent research reports. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup restated a “neutral” rating and issued a $8.00 target price (up from $6.45) on shares of Liberty Global in a report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $8.10.

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.