Liberty Global (NASDAQ:LILAK) Director Brendan Paddick Acquires 100,000 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director Brendan Paddick purchased 100,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Stock Up 10.9%

Shares of NASDAQ LILAK opened at $5.88 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The firm has a 50-day moving average price of $7.79 and a 200 day moving average price of $7.90. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 0.71.

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

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Liberty Global by 377.3% during the first 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. Raymond James Financial Inc. purchased a new stake in shares of Liberty Global in the second quarter valued at about $30,000. Headlands Technologies LLC lifted its holdings in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares in the last quarter. Xponance LLC acquired a new stake in shares of Liberty Global in the fourth quarter valued at approximately $75,000. Finally, Diversified Trust Co. acquired a new stake in shares of Liberty Global in the fourth quarter valued at approximately $78,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $8.20.

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.