Liberty Global (NASDAQ:LILAK) Sets New 12-Month High – Here’s Why

Liberty Global PLC (NASDAQ:LILAK) shares hit a new 52-week high during trading on Friday. The company traded as high as $9.26 and last traded at $9.0210, with a volume of 116,963 shares. The stock had previously closed at $8.91.

Wall Street Analysts Forecast Growth

LILAK has been the topic of several recent analyst reports. UBS Group assumed coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 target price on the stock. Citigroup boosted their target price on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 15th. 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.com, the company presently has a consensus rating of “Reduce” and an average price target of $9.00.

Liberty Global Price Performance

The company has a market cap of $1.73 billion, a PE ratio of -9.51 and a beta of 0.75. The business has a 50 day moving average of $8.43 and a 200 day moving average of $8.05.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). Liberty Global had a negative net margin of 3.86% and a negative return on equity of 8.50%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion.

Insider Transactions at Liberty Global

In other news, Director Angoitia Alfonso De acquired 313,104 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $20.95 per share, for a total transaction of $6,559,528.80. Following the completion of the acquisition, the director owned 476,190 shares in the company, valued at $9,976,180.50. This trade represents a 191.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Bracken sold 42,975 shares of the stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders bought 867,111 shares of company stock valued at $14,427,245. Corporate insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its holdings in shares of Liberty Global by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 10,559 shares of the company’s stock valued at $87,000 after acquiring an additional 2,012 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Liberty Global by 94.0% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 35,300 shares of the company’s stock valued at $290,000 after purchasing an additional 17,100 shares during the last quarter. VestGen Advisors LLC raised its holdings in shares of Liberty Global by 16.7% during the third quarter. VestGen Advisors LLC now owns 17,417 shares of the company’s stock valued at $143,000 after purchasing an additional 2,497 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Liberty Global by 16.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 40,231 shares of the company’s stock valued at $331,000 after purchasing an additional 5,785 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in Liberty Global by 172.1% during the third quarter. Sterling Capital Management LLC now owns 3,521 shares of the company’s stock valued at $29,000 after purchasing an additional 2,227 shares during the period. 52.98% of the stock is owned by institutional investors.

About Liberty Global

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.