John Malone Purchases 17,693 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 17,693 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $7.00 per share, for a total transaction of $123,851.00. Following the purchase, the director directly owned 3,725,813 shares of the company’s stock, valued at $26,080,691. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Trading Up 7.9%

LILAK stock traded up $0.56 during midday trading on Monday, reaching $7.63. The stock had a trading volume of 2,347,174 shares, compared to its average volume of 1,049,591. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -3.08 and a beta of 0.71. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The business has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $7.86.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LILAK. ProShare Advisors LLC grew its holdings in Liberty Global by 6.9% during the fourth 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 raised its holdings in Liberty Global by 5.4% in 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 boosted its position 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 in the last quarter. Legal & General Group Plc boosted its position in shares of Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after purchasing an additional 2,533 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Liberty Global by 22.7% in the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after buying an additional 2,552 shares during the period. Institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen cut 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.20.

About Liberty Global

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.