Liberty Global (NASDAQ:LILAK) CEO Balan Nair Acquires 164,914 Shares

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair purchased 164,914 shares of Liberty Global stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $6.07 per share, for a total transaction of $1,001,027.98. Following the acquisition, the chief executive officer owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair purchased 20,000 shares of Liberty Global stock. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $161,400.00.

Liberty Global Trading Up 10.9%

Shares of LILAK traded up $0.58 during mid-day trading on Tuesday, reaching $5.88. The stock had a trading volume of 3,346,940 shares, compared to its average volume of 980,575. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 0.71. The business’s fifty day moving average is $7.84 and its 200 day moving average is $7.92. 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 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 for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LILAK. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $8.20.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its position in shares of Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after acquiring an additional 29,933 shares during the last quarter. Cim Investment Management Inc. raised its stake in shares of Liberty Global by 142.3% in the 1st quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after acquiring an additional 25,885 shares during the period. Bank of America Corp DE lifted its holdings in shares of Liberty Global by 26.7% in the 1st 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. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Global by 377.3% in the 1st 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 during the last quarter. Finally, Rubric Capital Management LP boosted its position in shares of Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after purchasing an additional 4,738,495 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.