Liberty Global (NASDAQ:LILAK) Director Acquires $10,470.40 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 512 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was bought at an average price of $20.45 per share, with a total value of $10,470.40. Following the completion of the purchase, the director owned 1,411,162 shares of the company’s stock, valued at $28,858,262.90. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Liberty Global Trading Up 2.4%

NASDAQ:LILAK opened at $8.50 on Friday. The firm has a market capitalization of $1.67 billion, a PE ratio of -17.35 and a beta of 0.70. The stock has a 50 day moving average of $8.45 and a 200-day moving average of $8.03. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced 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 during the quarter, compared to the consensus estimate of $1.09 billion.

Analyst Ratings Changes

A number of research firms have issued reports on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. UBS Group started coverage on shares of Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective on the stock. Finally, Citigroup lifted their price objective 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. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $9.00.

Institutional Trading of Liberty Global

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Global by 1.4% during the first 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 period. Rubric Capital Management LP raised its stake in shares of Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Liberty Global by 383.8% in the second quarter. Squarepoint Ops LLC now owns 111,243 shares of the company’s stock worth $867,000 after purchasing an additional 88,248 shares during the period. Fourth Sail Capital LP lifted its holdings in Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after purchasing an additional 533,221 shares during the period. 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 in the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, video and fixed-line communications services. Its operations have historically focused on markets across Europe, including the United Kingdom, Belgium, Switzerland and Ireland, although the company has changed its portfolio over time through acquisitions, disposals and strategic investments.

The company offers services such as high-speed internet, mobile connectivity, television and voice communications to residential customers, as well as data, connectivity and communications solutions for businesses.