Liberty Global (NASDAQ:LILAK) Director Acquires $23,210.75 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 1,135 shares of Liberty Global stock in a transaction on Thursday, September 24th. The stock was bought at an average cost of $20.45 per share, for a total transaction of $23,210.75. Following the transaction, the director directly owned 1,389,343 shares in the company, valued at $28,412,064.35. This represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $8.22 on Thursday. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The company has a market cap of $1.61 billion, a PE ratio of -16.78 and a beta of 0.71. The business has a 50-day simple moving average of $8.41 and a 200-day simple moving average of $8.02.

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 analysts’ consensus estimates of $0.02 by ($0.15). The firm 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%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Global by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock valued at $85,439,000 after acquiring an additional 129,952 shares during the period. Rubric Capital Management LP boosted its stake in Liberty Global by 44.5% during 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 grew its position in Liberty Global by 22.6% during 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 last quarter. Squarepoint Ops LLC grew its position in Liberty Global by 383.8% during the 2nd quarter. Squarepoint Ops LLC now owns 111,243 shares of the company’s stock worth $867,000 after purchasing an additional 88,248 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after purchasing an additional 98,507 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

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.