Liberty Global (NASDAQ:LILAK) Director Buys $2,368,000.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 400,000 shares of Liberty Global stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average cost of $5.92 per share, with a total value of $2,368,000.00. Following the transaction, the director owned 3,371,414 shares in the company, valued at approximately $19,958,770.88. The trade was a 13.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Global Stock Up 10.9%

Shares of NASDAQ LILAK traded up $0.64 during midday trading on Wednesday, reaching $6.52. The company’s stock had a trading volume of 2,717,474 shares, compared to its average volume of 1,476,192. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.63 and a beta of 0.71. The stock has a 50 day simple moving average of $7.76 and a 200-day simple moving average of $7.88.

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

Analyst Ratings Changes

LILAK has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in LILAK. ProShare Advisors LLC raised its position in Liberty Global by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after acquiring an additional 1,494 shares in the last quarter. Headlands Technologies LLC grew its position in shares of Liberty Global by 5.4% in the 4th quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after acquiring an additional 2,253 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after purchasing an additional 2,479 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Liberty Global by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after purchasing an additional 2,533 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Liberty Global by 22.7% in the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after purchasing an additional 2,552 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.