Liberty Global (NASDAQ:LILAK) Director Buys $162,316.35 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 7,945 shares of the firm’s stock in a transaction on Monday, September 28th. The stock was bought at an average cost of $20.43 per share, for a total transaction of $162,316.35. Following the transaction, the director directly owned 1,410,650 shares of the company’s stock, valued at $28,819,579.50. The trade was a 0.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Stock Performance

Liberty Global stock opened at $8.22 on Thursday. The company’s 50 day simple moving average is $8.41 and its 200-day simple moving average is $8.02. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -16.78 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last posted its earnings results 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Wall Street Analyst Weigh In

LILAK has been the topic of several research reports. 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. 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 research report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LILAK. Rubric Capital Management LP grew its stake in Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after buying an additional 4,738,495 shares during the last quarter. Fourth Sail Capital LP raised its position in Liberty Global by 22.6% in the 4th 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 boosted its stake in shares of Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after buying an additional 200,000 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock valued at $85,439,000 after purchasing an additional 129,952 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Liberty Global by 26.7% in the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after buying an additional 98,507 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

About Liberty Global

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.