Liberty Global (NASDAQ:LILAK) Director Angoitia Alfonso De Purchases 17,596 Shares

Liberty Global PLC (NASDAQ:LILAK) Director Angoitia Alfonso De purchased 17,596 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average cost of $20.65 per share, for a total transaction of $363,357.40. Following the completion of the transaction, the director directly owned 163,086 shares of the company’s stock, valued at $3,367,725.90. This represents a 12.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Wednesday, September 2nd, Angoitia Alfonso De bought 313,104 shares of Liberty Global stock. The shares were purchased at an average cost of $20.95 per share, for a total transaction of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Global stock. The shares were acquired at an average cost of $21.00 per share, with a total value of $3,055,290.00.

Liberty Global Price Performance

NASDAQ LILAK opened at $8.45 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.24 and a beta of 0.71. The business’s fifty day moving average is $8.00 and its 200-day moving average is $7.94. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LILAK shares. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group began coverage on shares of Liberty Global in a research report on Thursday. They issued a “neutral” rating and a $9.00 price target on the stock. 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 note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of “Reduce” and an average target price of $9.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP purchased a new position in shares of Liberty Global during the third quarter worth about $86,569,000. California State Teachers Retirement System boosted its holdings in Liberty Global by 813.1% in the second quarter. California State Teachers Retirement System now owns 1,108,844 shares of the company’s stock valued at $8,638,000 after acquiring an additional 987,401 shares in the last quarter. Sculptor Capital LP bought a new stake in shares of Liberty Global during the 2nd quarter valued at about $3,627,000. Fourth Sail Capital LP increased its position 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 buying an additional 533,221 shares during the period. Finally, First Trust Advisors LP boosted its position in Liberty Global by 253.1% during the 4th quarter. First Trust Advisors LP now owns 678,043 shares of the company’s stock valued at $5,058,000 after acquiring an additional 486,022 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

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.