John Malone Purchases 6,761 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 6,761 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $8.50 per share, with a total value of $57,468.50. Following the completion of the transaction, the director owned 185,285 shares of the company’s stock, valued at approximately $1,574,922.50. The trade was a 3.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Liberty Global Trading Down 0.2%

LILAK stock opened at $8.28 on Thursday. The business’s 50 day simple moving average is $7.53 and its 200 day simple moving average is $7.90. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13. The firm has a market capitalization of $1.62 billion, a PE ratio of -16.90 and a beta of 0.71.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup boosted their price objective on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.60.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently bought and sold shares of LILAK. ProShare Advisors LLC boosted its holdings in Liberty Global by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock valued at $173,000 after purchasing an additional 1,494 shares during the period. Headlands Technologies LLC increased its holdings in shares of Liberty Global by 5.4% during the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock worth $328,000 after purchasing an additional 2,253 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after buying an additional 2,479 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after buying an additional 2,533 shares during the period. Finally, CWM LLC grew its position in Liberty Global by 22.7% during the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after buying an additional 2,552 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

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.