Liberty Global (NASDAQ:LILAK) Director Purchases $100,450.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director Charles Bracken bought 4,900 shares of Liberty Global stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $20.50 per share, for a total transaction of $100,450.00. Following the completion of the acquisition, the director owned 18,867 shares in the company, valued at $386,773.50. This represents a 35.08% 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 Up 2.3%

LILAK stock opened at $7.07 on Friday. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The business has a 50-day simple moving average of $7.70 and a 200 day simple moving average of $7.86. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.42 billion, a PE ratio of -2.85 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global has an average rating of “Reduce” and an average target price of $8.20.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 2,479 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Liberty Global during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC increased its position in Liberty Global by 85.9% in 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 acquired a new position in Liberty Global in the 4th quarter valued at approximately $75,000. Finally, Diversified Trust Co. bought a new position in shares of Liberty Global during the fourth quarter valued at $78,000. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

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.