Liberty Global (NASDAQ:LILAK) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Liberty Global PLC (NASDAQ:LILAK)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.15 and traded as low as $7.91. Liberty Global shares last traded at $8.20, with a volume of 629,767 shares trading hands.

Analyst Ratings Changes

LILAK has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Stock Performance

The company has a market cap of $1.65 billion, a price-to-earnings ratio of -3.31 and a beta of 0.71. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock’s fifty day simple moving average is $8.15 and its 200 day simple moving average is $8.04.

Liberty Global’s stock is going to split on the morning of Wednesday, June 17th. The 11-10 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Tuesday, June 16th.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%.

Insider Transactions at Liberty Global

In other Liberty Global news, Director John C. Malone acquired 12,406,463 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the acquisition, the director owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Balan Nair acquired 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the acquisition, the chief executive officer owned 3,125,039 shares in the company, valued at $25,219,064.73. The trade was a 0.64% increase in their position. The SEC filing for this purchase provides additional information. 9.66% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Global

A number of hedge funds have recently bought and sold shares of the business. Cim Investment Management Inc. raised its holdings in Liberty Global by 142.3% in the 1st quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after acquiring an additional 25,885 shares during the last quarter. Bank of America Corp DE raised its holdings in Liberty Global by 26.7% in the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after acquiring an additional 98,507 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after buying an additional 2,479 shares during the last quarter. Rubric Capital Management LP increased its holdings in shares of Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after buying an additional 4,738,495 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Liberty Global by 3.9% during the 1st 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 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.