Liberty Global (NASDAQ:LILAK) Director Angoitia Alfonso De Purchases 145,490 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director Angoitia Alfonso De purchased 145,490 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average price of $21.00 per share, with a total value of $3,055,290.00. Following the purchase, the director directly owned 145,490 shares of the company’s stock, valued at approximately $3,055,290. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De acquired 313,104 shares of Liberty Global stock. The stock was acquired at an average price of $20.95 per share, with a total value of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Global stock. The stock was acquired at an average cost of $20.65 per share, with a total value of $363,357.40.

Liberty Global Stock Performance

LILAK opened at $8.45 on Friday. The stock has a market capitalization of $1.66 billion, a P/E ratio of -17.24 and a beta of 0.71. The company’s 50-day simple moving average is $8.00 and its two-hundred day simple moving average is $7.94. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced 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 net margin of 2.20% and a negative return on equity of 8.50%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Analyst Ratings Changes

Several brokerages recently issued reports on LILAK. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. UBS Group started coverage on Liberty Global in a report on Thursday. They set a “neutral” rating and a $9.00 price target on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Finally, Citigroup lifted their price objective on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $9.00.

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Liberty Global by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after purchasing an additional 3,234 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Liberty Global by 10.8% in 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 worth $2,280,000 after purchasing an additional 35,844 shares in the last quarter. Jane Street Group LLC raised its holdings in Liberty Global by 316.4% in the 1st quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock worth $955,000 after purchasing an additional 116,861 shares during the period. Finally, Legal & General Group Plc raised 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 purchasing an additional 2,533 shares during the period. Institutional investors own 52.98% of the company’s stock.

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.