Liberty Global (NASDAQ:LILAK) Director Purchases $439,535.36 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 51,832 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of $8.48 per share, for a total transaction of $439,535.36. Following the acquisition, the director directly owned 237,117 shares in the company, valued at $2,010,752.16. This represents a 27.97% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Global Price Performance

Shares of LILAK traded down $0.08 on Tuesday, reaching $8.47. 914,392 shares of the stock traded hands, compared to its average volume of 1,150,460. The stock’s 50-day moving average price is $7.84 and its 200-day moving average price is $7.93. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -17.29 and a beta of 0.71. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) 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 firm 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 recently commented on LILAK. Citigroup raised their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Finally, Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Liberty Global presently has an average rating of “Reduce” and a consensus price target of $9.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake 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 valued at $28,000 after purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global during the 2nd quarter worth about $30,000. Headlands Technologies LLC increased its position in shares of Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after purchasing an additional 3,934 shares in the last quarter. Xponance LLC bought a new position in Liberty Global during the 4th quarter valued at about $75,000. Finally, Tower Research Capital LLC TRC boosted its position 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 valued at $79,000 after buying an additional 3,150 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

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.