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

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 113,704 shares of Liberty Global stock in a transaction dated Monday, August 10th. The stock was purchased at an average cost of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the acquisition, the director directly owned 1,351,126 shares of the company’s stock, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Global Trading Up 0.5%

Shares of Liberty Global stock opened at $8.47 on Wednesday. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The stock has a 50 day moving average of $7.45 and a 200 day moving average of $7.87. The firm has a market cap of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last posted its 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC boosted 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 buying an additional 2,479 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Liberty Global during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC boosted its holdings in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares during the period. Xponance LLC bought a new position in Liberty Global in the 4th quarter valued at $75,000. Finally, Tower Research Capital LLC TRC increased its stake in Liberty Global by 33.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after purchasing an additional 3,150 shares during the period. 52.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Citigroup reaffirmed a “neutral” rating and issued a $8.00 price objective (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $8.10.

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.