Liberty Global (NASDAQ:LILAK) Director Buys $6,569,521.38 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 1,319,181 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were acquired at an average cost of $4.98 per share, with a total value of $6,569,521.38. Following the transaction, the director directly owned 21,397,127 shares in the company, valued at $106,557,692.46. The trade was a 6.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Global Stock Performance

LILAK opened at $7.07 on Friday. 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 stock’s 50 day moving average price is $7.70 and its two-hundred day moving average price is $7.86. The firm has a market capitalization of $1.42 billion, a P/E ratio of -2.85 and a beta of 0.71. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.09 billion.

Analyst Upgrades and Downgrades

Several research firms recently commented on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Institutional Trading of Liberty Global

A number of hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP acquired a new position in shares of Liberty Global in the third quarter valued at $2,110,000. Banco Santander S.A. lifted its position in Liberty Global by 899.7% in the third quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock worth $9,228,000 after purchasing an additional 983,944 shares during the period. Oaktree Capital Management LP boosted its stake in Liberty Global by 186.4% during the third quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares in the last quarter. Fourth Sail Capital LP boosted its stake in Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after buying an additional 533,221 shares in the last quarter. Finally, Alta Fundamental Advisers LLC increased its holdings in Liberty Global by 10.8% in the 4th quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after buying an additional 200,000 shares during the period. Institutional investors own 52.98% of the company’s stock.

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.