Charles Bracken Purchases 4,900 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director Charles Bracken purchased 4,900 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of $20.50 per share, for a total transaction of $100,450.00. Following the transaction, the director owned 18,867 shares of the company’s stock, valued at $386,773.50. The trade was a 35.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Global Price Performance

Shares of NASDAQ:LILAK opened at $7.07 on Friday. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The stock has a fifty day moving average of $7.70 and a 200-day moving average of $7.86. The company has a market capitalization of $1.42 billion, a PE ratio of -2.85 and a beta of 0.71. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates 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

LILAK has been the topic of several recent analyst reports. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and an average price target of $8.20.

Institutional Trading of Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of LILAK. 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 valued at $28,000 after buying an additional 2,479 shares during the period. Raymond James Financial Inc. purchased a new position in Liberty Global during the 2nd quarter valued at about $30,000. Headlands Technologies LLC increased its holdings in shares of Liberty Global by 85.9% in the 2nd 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 during the period. Xponance LLC acquired a new stake in shares of Liberty Global during the fourth quarter worth approximately $75,000. Finally, Diversified Trust Co. purchased a new position in Liberty Global during the fourth quarter valued at approximately $78,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.