Liberty Global (NASDAQ:LILAK) Director Buys 7,960 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 7,960 shares of Liberty Global stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $20.08 per share, for a total transaction of $159,836.80. Following the purchase, the director owned 2,313,637 shares of the company’s stock, valued at $46,457,830.96. The trade was a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Price Performance

NASDAQ LILAK traded up $0.63 during trading hours on Tuesday, reaching $9.97. 2,186,715 shares of the stock traded hands, compared to its average volume of 1,254,117. The stock has a 50 day simple moving average of $8.46 and a two-hundred day simple moving average of $8.07. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $10.18. The company has a market cap of $1.95 billion, a price-to-earnings ratio of -10.72 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last posted 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 return on equity of 8.50% and a negative net margin of 3.86%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion.

Hedge Funds Weigh In On Liberty Global

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after purchasing an additional 2,479 shares during the period. Sterling Capital Management LLC grew its stake in shares of Liberty Global by 172.1% in the third quarter. Sterling Capital Management LLC now owns 3,521 shares of the company’s stock worth $29,000 after purchasing an additional 2,227 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of Liberty Global by 53.3% in the third quarter. Global Retirement Partners LLC now owns 4,217 shares of the company’s stock worth $35,000 after purchasing an additional 1,467 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Liberty Global by 50.8% in the third quarter. Versant Capital Management Inc now owns 4,604 shares of the company’s stock worth $38,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Liberty Global during the 3rd quarter valued at about $45,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LILAK has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. UBS Group began coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target on the stock. Finally, Citigroup lifted their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $9.00.

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.