Liberty Global (NASDAQ:LILAK) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Liberty Global PLC (NASDAQ:LILAK)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 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 traded.

Analysts Set New Price Targets

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

Liberty Global Stock Up 3.5%

The business has a 50 day moving average of $8.15 and a 200 day moving average of $8.04. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of -3.31 and a beta of 0.71.

Shares of Liberty Global are scheduled to split on Wednesday, June 17th. The 11-10 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Tuesday, June 16th.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm 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 Buying and Selling at Liberty Global

In related news, Director John C. Malone acquired 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the purchase, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. The trade was a 141.52% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balan Nair acquired 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This represents a 0.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LILAK. EverSource Wealth Advisors LLC raised its stake in 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 acquiring an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Liberty Global during the second quarter worth $30,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after acquiring an additional 3,934 shares in the last quarter. Xponance LLC bought a new stake in shares of Liberty Global during the fourth quarter worth $75,000. Finally, Diversified Trust Co. bought a new stake in shares of Liberty Global during the fourth quarter worth $78,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.