Insider Buying: Liberty Global (NASDAQ:LILAK) Director Buys $2,368,000.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 400,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of $5.92 per share, with a total value of $2,368,000.00. Following the transaction, the director owned 3,371,414 shares in the company, valued at $19,958,770.88. This trade represents a 13.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Trading Up 2.3%

LILAK opened at $7.07 on Friday. The firm has a 50 day simple moving average of $7.70 and a 200 day simple moving average of $7.86. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -2.85 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 announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Analysts Set New Price Targets

A number of brokerages recently commented on LILAK. Wall Street Zen cut 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 report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $8.20.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently modified their holdings of LILAK. Empowered Funds LLC increased its stake in Liberty Global by 3.9% during the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after purchasing an additional 29,933 shares in the last quarter. Cim Investment Management Inc. increased its position in shares of Liberty Global by 142.3% during the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock worth $389,000 after acquiring an additional 25,885 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Liberty Global by 26.7% during the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after acquiring an additional 98,507 shares during the period. EverSource Wealth Advisors LLC lifted its position in Liberty Global by 377.3% in 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 in the last quarter. Finally, Rubric Capital Management LP lifted its position in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. 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.