Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 36,914 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 36,914 shares of Liberty Global stock in a transaction that occurred on Wednesday, September 16th. The shares were purchased at an average cost of $20.43 per share, with a total value of $754,153.02. Following the completion of the acquisition, the director owned 1,388,040 shares of the company’s stock, valued at $28,357,657.20. The trade was a 2.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Trading Down 2.0%

LILAK traded down $0.17 during trading on Friday, hitting $8.40. 3,972,037 shares of the company’s stock were exchanged, compared to its average volume of 1,162,165. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13. The stock has a 50 day moving average price of $8.20 and a 200 day moving average price of $7.99. The firm has a market cap of $1.65 billion, a P/E ratio of -17.14 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last announced 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 net margin of 2.20% and a negative return on equity of 8.50%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in Liberty Global by 383.8% during 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 in the last quarter. Waverly Advisors LLC bought a new position in Liberty Global during the 2nd quarter valued at $156,000. Corient Private Wealth LP bought a new position in Liberty Global during the 2nd quarter valued at $99,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Liberty Global during the 2nd quarter valued at $142,000. Finally, Empowered Funds LLC increased its position in shares of Liberty Global by 3.9% during the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after purchasing an additional 29,933 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LILAK shares. Citigroup increased their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. UBS Group assumed coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and an average target price of $9.00.

Liberty Global Company Profile

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.