Liberty Global (NASDAQ:LILAK) Director John Malone Purchases 69,454 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 69,454 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the transaction, the director owned 306,571 shares of the company’s stock, valued at $2,605,853.50. This trade represents a 29.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Global Trading Down 0.9%

Shares of LILAK opened at $8.47 on Wednesday. The firm has a market cap of $1.66 billion, a PE ratio of -17.29 and a beta of 0.71. The firm has a fifty day simple moving average of $7.90 and a two-hundred day simple moving average of $7.93. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13.

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 analysts’ consensus estimates 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 firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup raised their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $9.00.

Hedge Funds Weigh In On Liberty Global

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

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.