Liberty Global (NASDAQ:LILAK) Price Target Raised to $11.00

Liberty Global (NASDAQ:LILAK) had its target price upped by Citigroup from $9.00 to $11.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

LILAK has been the topic of a number of other reports. UBS Group started coverage on shares of Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $10.00.

Liberty Global Stock Performance

Shares of Liberty Global stock traded up $0.09 on Thursday, hitting $9.86. 3,422,817 shares of the company traded hands, compared to its average volume of 1,848,116. The stock has a market capitalization of $1.84 billion, a P/E ratio of -10.60 and a beta of 0.75. Liberty Global has a 52 week low of $4.76 and a 52 week high of $10.42. The business has a 50-day simple moving average of $8.57 and a 200 day simple moving average of $8.11.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Global had a negative net margin of 3.86% and a negative return on equity of 8.50%.

Insider Transactions at Liberty Global

In other Liberty Global news, Director Angoitia Alfonso De acquired 313,104 shares of Liberty Global stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the purchase, the director directly owned 476,190 shares of the company’s stock, valued at approximately $9,976,180.50. This represents a 191.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian D. Zook sold 27,611 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total transaction of $274,729.45. Following the completion of the sale, the chief accounting officer owned 6,813 shares in the company, valued at $67,789.35. This represents a 80.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders acquired 689,542 shares of company stock worth $12,644,692. 9.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of LILAK. Dimensional Fund Advisors LP raised its position in Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock valued at $85,439,000 after acquiring an additional 129,952 shares in the last quarter. Rubric Capital Management LP boosted its position in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after purchasing an additional 4,738,495 shares in the last quarter. Squarepoint Ops LLC boosted its position in Liberty Global by 383.8% in the 2nd 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. Bank of America Corp DE lifted its stake in shares of Liberty Global by 26.7% in the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after purchasing an additional 98,507 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Liberty Global by 9.8% in the 1st quarter. First Trust Advisors LP now owns 744,252 shares of the company’s stock valued at $6,564,000 after purchasing an additional 66,209 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.