Liberty Global (NASDAQ:LILAK) Upgraded by UBS Group to “Hold” Rating

UBS Group upgraded shares of Liberty Global (NASDAQ:LILAK) to a hold rating in a research report report published on Thursday morning,Zacks reports.

A number of other equities research analysts have also recently issued reports on LILAK. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup lifted their price target on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $9.00.

Liberty Global Price Performance

Shares of NASDAQ:LILAK opened at $8.45 on Thursday. Liberty Global has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The business has a 50-day moving average of $8.00 and a two-hundred day moving average of $7.94. The stock has a market capitalization of $1.66 billion, a P/E ratio of -17.24 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate 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.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, Director Angoitia Alfonso De acquired 313,104 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the transaction, the director owned 476,190 shares of the company’s stock, valued at approximately $9,976,180.50. This trade represents a 191.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone acquired 69,454 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average cost of $8.50 per share, with a total value of $590,359.00. Following the transaction, the director directly owned 306,571 shares in the company, valued at $2,605,853.50. The trade was a 29.29% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 3,283,155 shares of company stock worth $28,785,777 over the last ninety days. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in shares of Liberty Global by 67.3% in the first quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock valued at $1,233,000 after acquiring an additional 79,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Liberty Global by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after acquiring an additional 3,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Liberty Global by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock worth $2,280,000 after acquiring an additional 35,844 shares during the period. Jane Street Group LLC raised its stake in Liberty Global by 316.4% during the 1st quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock valued at $955,000 after purchasing an additional 116,861 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Liberty Global by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after purchasing an additional 2,533 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.