Liberty Global (NASDAQ:LILAK) Director Purchases $23,210.75 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 1,135 shares of Liberty Global stock in a transaction on Thursday, September 24th. The stock was acquired at an average cost of $20.45 per share, with a total value of $23,210.75. Following the acquisition, the director owned 1,389,343 shares in the company, valued at approximately $28,412,064.35. This represents a 0.08% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Stock Performance

Shares of LILAK stock traded down $0.10 during trading hours on Monday, reaching $8.39. The company had a trading volume of 881,026 shares, compared to its average volume of 1,169,212. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The firm has a market cap of $1.64 billion, a PE ratio of -17.12 and a beta of 0.71. The business has a fifty day moving average price of $8.34 and a 200-day moving average price of $8.01.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) 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 business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LILAK. Citigroup lifted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Finally, UBS Group initiated coverage on shares of Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price target on the stock. 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, Liberty Global currently has an average rating of “Reduce” and a consensus target price of $9.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP increased its position in Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Liberty Global by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after purchasing an additional 129,952 shares during the period. Fourth Sail Capital LP boosted its stake in shares of Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after purchasing an additional 533,221 shares in the last quarter. Alta Fundamental Advisers LLC increased its holdings in Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after buying an additional 200,000 shares during the period. Finally, Empowered Funds LLC increased its holdings in Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after buying an additional 29,933 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.