Liberty Global (NASDAQ:LILAK) Director Buys $159,836.80 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 7,960 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $20.08 per share, for a total transaction of $159,836.80. Following the acquisition, the director directly owned 2,313,637 shares in the company, valued at $46,457,830.96. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Liberty Global Stock Performance

Shares of LILAK opened at $9.77 on Friday. The stock has a 50 day simple moving average of $8.55 and a 200 day simple moving average of $8.10. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $10.42. The firm has a market capitalization of $1.91 billion, a PE ratio of -10.51 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last posted its earnings results 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). The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Liberty Global from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group began coverage on shares of Liberty Global in a report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $10.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Rubric Capital Management LP lifted 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 valued at $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after acquiring an additional 129,952 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after purchasing an additional 29,933 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Liberty Global by 9.8% in the first quarter. First Trust Advisors LP now owns 744,252 shares of the company’s stock valued at $6,564,000 after purchasing an additional 66,209 shares during the last quarter. Finally, Bank of America Corp DE raised 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 valued at $4,124,000 after purchasing an additional 98,507 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.