Liberty Global (NASDAQ:LILAK) Director Buys $6,569,521.38 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 1,319,181 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $4.98 per share, for a total transaction of $6,569,521.38. Following the purchase, the director directly owned 21,397,127 shares in the company, valued at approximately $106,557,692.46. This represents a 6.57% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Liberty Global Trading Up 10.9%

LILAK stock traded up $0.64 during trading on Wednesday, reaching $6.52. The company had a trading volume of 2,717,474 shares, compared to its average volume of 1,476,192. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The company has a market cap of $1.31 billion, a P/E ratio of -2.63 and a beta of 0.71. The business has a 50 day moving average of $7.76 and a 200 day moving average of $7.88. 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 posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently bought and sold shares of LILAK. Empowered Funds LLC raised its position in Liberty Global by 3.9% in 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 period. Cim Investment Management Inc. grew its position in shares of Liberty Global by 142.3% during 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 grew its position in shares of Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after acquiring an additional 98,507 shares during the period. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 2,479 shares in the last quarter. Finally, Rubric Capital Management LP raised its holdings 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 worth $135,788,000 after purchasing an additional 4,738,495 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a report 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $8.20.

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.