Liberty Global (NASDAQ:LILAK) Director Buys $57,468.50 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 6,761 shares of the business’s stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $57,468.50. Following the completion of the acquisition, the director directly owned 185,285 shares in the company, valued at approximately $1,574,922.50. The trade was a 3.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Stock Down 0.8%

Shares of NASDAQ LILAK opened at $8.21 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of -16.76 and a beta of 0.71. The stock’s 50 day moving average price is $7.54 and its 200-day moving average price is $7.91. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.09 billion.

Hedge Funds Weigh In On Liberty Global

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup raised their price target on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.60.

About Liberty Global

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.