Liberty Global (NASDAQ:LILAK) CEO Purchases 164,914 Shares

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair bought 164,914 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $6.07 per share, for a total transaction of $1,001,027.98. Following the transaction, the chief executive officer owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair bought 20,000 shares of Liberty Global stock. The shares were bought at an average cost of $8.07 per share, with a total value of $161,400.00.

Liberty Global Price Performance

Shares of LILAK traded up $0.58 during mid-day trading on Tuesday, hitting $5.88. 3,346,940 shares of the company were exchanged, compared to its average volume of 980,575. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average of $7.84 and a 200-day moving average of $7.92. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently 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 bought and sold shares of LILAK. EverSource Wealth Advisors LLC boosted its holdings 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. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $30,000. Headlands Technologies LLC increased its holdings 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 valued at $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC purchased a new position in Liberty Global during the fourth quarter worth approximately $75,000. Finally, Diversified Trust Co. purchased a new position in Liberty Global during the fourth quarter worth approximately $78,000. Institutional investors and hedge funds 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.