Liberty Global (NASDAQ:LILAK) Stock: Insider John Malone Purchases 13,362 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 13,362 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $20.44 per share, for a total transaction of $273,119.28. Following the transaction, the director directly owned 1,402,705 shares in the company, valued at approximately $28,671,290.20. The trade was a 0.96% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Liberty Global Trading Down 1.2%

Shares of LILAK stock traded down $0.10 on Monday, hitting $8.39. 881,026 shares of the stock were exchanged, compared to its average volume of 1,169,212. The firm’s 50 day moving average is $8.34 and its two-hundred day moving average is $8.01. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The firm has a market capitalization of $1.64 billion, a PE ratio of -17.12 and a beta of 0.71.

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

Institutional Trading of Liberty Global

A number of institutional investors have recently added to or reduced their stakes in LILAK. Rubric Capital Management LP boosted its stake 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 during the period. Fourth Sail Capital LP increased its position in shares of Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after buying an additional 533,221 shares during the period. Alta Fundamental Advisers LLC lifted its holdings in shares of Liberty Global by 10.8% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after buying an additional 129,952 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after buying an additional 98,507 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup raised their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, UBS Group assumed coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Liberty Global currently has an average rating of “Reduce” and an average target price of $9.00.

Liberty Global Company Profile

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.