Liberty Global (NASDAQ:LILAK) Hits New 52-Week Low – What’s Next?

Liberty Global PLC (NASDAQ:LILAK)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $5.35 and last traded at $5.4090, with a volume of 138770 shares trading hands. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LILAK shares. 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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Liberty Global currently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Liberty Global Stock Performance

The firm’s fifty day simple moving average is $7.98 and its 200 day simple moving average is $7.97. The company has a market capitalization of $964.71 million, a PE ratio of -1.93 and a beta of 0.71. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after acquiring an additional 2,479 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Liberty Global during the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC lifted its position in shares of Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC acquired a new stake in Liberty Global in the 4th quarter valued at $75,000. Finally, Diversified Trust Co. purchased a new stake in Liberty Global in the 4th quarter worth $78,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.