Liberty Global (NASDAQ:LILAK) Director Purchases $439,535.36 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 51,832 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were bought at an average price of $8.48 per share, for a total transaction of $439,535.36. Following the acquisition, the director owned 237,117 shares of the company’s stock, valued at approximately $2,010,752.16. This represents a 27.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Global Stock Up 0.6%

Shares of Liberty Global stock opened at $8.68 on Friday. The firm has a market capitalization of $1.70 billion, a P/E ratio of -17.71 and a beta of 0.71. The company has a 50 day moving average price of $7.97 and a 200 day moving average price of $7.94. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LILAK shares. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group assumed coverage on Liberty Global in a research note on Thursday. They issued a “neutral” rating and a $9.00 target price for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Finally, Citigroup lifted their price target on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two equities research analysts have 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 has an average rating of “Reduce” and an average target price of $9.00.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after acquiring an additional 2,479 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global in the second quarter worth $30,000. Headlands Technologies LLC increased its stake in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after acquiring an additional 3,934 shares during the period. Xponance LLC purchased a new position in shares of Liberty Global during the fourth quarter worth $75,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Liberty Global by 33.1% during the second quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.