Walleye Capital LLC Sells 77,482 Shares of Liberty Global PLC $LILAK

Walleye Capital LLC decreased its stake in Liberty Global PLC (NASDAQ:LILAK) by 41.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,029 shares of the company’s stock after selling 77,482 shares during the period. Walleye Capital LLC’s holdings in Liberty Global were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fourth Sail Capital LP lifted its position in shares of Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after purchasing an additional 533,221 shares during the period. Alta Fundamental Advisers LLC increased its position in shares of Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after buying an additional 200,000 shares during the period. UBS Group AG increased its position in shares of Liberty Global by 45.5% during the fourth quarter. UBS Group AG now owns 462,282 shares of the company’s stock worth $3,449,000 after buying an additional 144,521 shares during the period. AXQ Capital LP bought a new position in Liberty Global during the fourth quarter worth $108,000. Finally, Choate Investment Advisors bought a new position in Liberty Global during the fourth quarter worth $266,000. 52.98% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Global

In related news, Director John C. Malone purchased 12,406,463 shares of Liberty Global stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the acquisition, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brendan J. Paddick purchased 100,000 shares of Liberty Global stock in a transaction on Thursday, June 18th. The stock was bought at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director directly owned 1,559,542 shares of the company’s stock, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 14,820,228 shares of company stock valued at $121,249,631 in the last ninety days. Insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LILAK shares. Citigroup restated a “neutral” rating and issued a $8.00 target price (up from $6.45) on shares of Liberty Global in a report on Friday, July 10th. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and a consensus price target of $8.10.

Liberty Global Stock Performance

Liberty Global stock opened at $7.43 on Friday. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -3.00 and a beta of 0.72. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13. The stock’s 50 day moving average price is $7.39 and its two-hundred day moving average price is $7.79.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). The company 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%.

Liberty Global 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.