Liberty Global (NASDAQ:LILAK) Director Acquires 69,454 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 69,454 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average price of $8.50 per share, with a total value of $590,359.00. Following the completion of the acquisition, the director owned 306,571 shares of the company’s stock, valued at $2,605,853.50. This represents a 29.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Global Stock Performance

NASDAQ LILAK traded down $0.08 during trading on Tuesday, hitting $8.47. The stock had a trading volume of 914,392 shares, compared to its average volume of 1,150,460. The company has a market capitalization of $1.66 billion, a PE ratio of -17.29 and a beta of 0.71. The company’s 50-day moving average price is $7.84 and its two-hundred day moving average price is $7.93. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.09 billion.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Liberty Global by 377.3% in the first 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 during the last quarter. Raymond James Financial Inc. bought a new stake in Liberty Global during the second quarter worth about $30,000. Headlands Technologies LLC lifted its stake in Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC acquired a new stake in Liberty Global in the fourth quarter valued at about $75,000. Finally, Tower Research Capital LLC TRC lifted its stake in Liberty Global by 33.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock valued at $79,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

Analyst Ratings Changes

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

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.