Liberty Global (NASDAQ:LILAK) Stock: Insider John Malone Purchases 7,960 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 7,960 shares of the stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $20.08 per share, with a total value of $159,836.80. Following the completion of the acquisition, the director owned 2,313,637 shares of the company’s stock, valued at approximately $46,457,830.96. This represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty Global Stock Performance

Shares of LILAK opened at $10.30 on Thursday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -11.08 and a beta of 0.75. The company’s 50 day simple moving average is $8.52 and its 200 day simple moving average is $8.09. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $10.30.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LILAK shares. UBS Group initiated coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price objective for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. Finally, Citigroup raised their target price on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Hold rating and one has issued 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

Several large investors have recently made changes to their positions in the company. Rubric Capital Management LP boosted its holdings in Liberty Global by 44.5% in the first 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock valued at $85,439,000 after acquiring an additional 129,952 shares during the period. Empowered Funds LLC increased its stake in Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after acquiring an additional 29,933 shares during the last quarter. First Trust Advisors LP increased its stake in Liberty Global by 9.8% during the first quarter. First Trust Advisors LP now owns 744,252 shares of the company’s stock worth $6,564,000 after acquiring an additional 66,209 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in 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 last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.