Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 6,761 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 6,761 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $8.50 per share, with a total value of $57,468.50. Following the acquisition, the director owned 185,285 shares in the company, valued at $1,574,922.50. The trade was a 3.79% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Global Stock Down 1.7%

Liberty Global stock traded down $0.14 during midday trading on Tuesday, reaching $8.30. The stock had a trading volume of 1,310,331 shares, compared to its average volume of 1,126,894. The firm has a market capitalization of $1.63 billion, a PE ratio of -16.94 and a beta of 0.71. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The firm’s 50-day moving average price is $7.51 and its 200 day moving average price is $7.89.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LILAK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup upped 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.60.

Institutional Trading of Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of LILAK. Empowered Funds LLC raised its stake 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 worth $7,029,000 after acquiring an additional 29,933 shares in the last quarter. Cim Investment Management Inc. boosted 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 purchasing an additional 25,885 shares in the last quarter. Bank of America Corp DE boosted its stake 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 valued at $4,124,000 after purchasing an additional 98,507 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after purchasing an additional 2,479 shares during the last quarter. Finally, Rubric Capital Management LP grew its holdings 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 valued at $135,788,000 after purchasing an additional 4,738,495 shares during the last quarter. 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.