Liberty Global (NASDAQ:LILAK) Director Acquires $188,696.74 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 21,013 shares of the firm’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of $8.98 per share, with a total value of $188,696.74. Following the completion of the transaction, the director owned 1,412,175 shares in the company, valued at approximately $12,681,331.50. The trade was a 1.51% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Global Trading Up 1.0%

NASDAQ:LILAK traded up $0.08 during trading hours on Thursday, hitting $8.30. The company’s stock had a trading volume of 1,032,770 shares, compared to its average volume of 1,173,576. The stock has a market capitalization of $1.63 billion, a P/E ratio of -16.94 and a beta of 0.71. The stock has a fifty day moving average of $8.41 and a 200-day moving average of $8.02. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

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). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Analysts Set New Price Targets

A number of research analysts recently commented on LILAK shares. UBS Group started coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price on the stock. Citigroup lifted their target price on Liberty Global from $8.00 to $9.00 and gave the stock 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 report on Friday, July 17th. Two 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 has an average rating of “Reduce” and a consensus price target of $9.00.

Institutional Trading of Liberty Global

Large investors have recently bought and sold shares of the business. Rubric Capital Management LP increased its stake in Liberty Global by 44.5% in the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after buying an additional 129,952 shares during the period. Fourth Sail Capital LP boosted its stake in shares of Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after buying an additional 533,221 shares during the period. Alta Fundamental Advisers LLC grew its holdings in shares of Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after buying an additional 200,000 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after buying an additional 29,933 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.