Angoitia Alfonso De Purchases 313,104 Shares of Liberty Global (NASDAQ:LILAK) Stock

Key Points

• Director Angoitia Alfonso De purchased 313,104 Liberty Global shares at an average price of $20.95, investing approximately $6.56 million and increasing direct ownership by nearly 192% to 476,190 shares.
• Liberty Global’s stock recently traded at $8.45, within its $4.76–$9.13 52-week range. The company reported a quarterly loss of $0.13 per share, missing estimates, while revenue of $1.10 billion slightly exceeded forecasts.
• Analyst sentiment remains cautious, with an average rating of “Reduce” and a $9.00 price target; institutional investors own about 52.98% of the company.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director Angoitia Alfonso De bought 313,104 shares of Liberty Global stock in a transaction on Wednesday, September 2nd. The stock was acquired at an average price of $20.95 per share, for a total transaction of $6,559,528.80. Following the transaction, the director directly owned 476,190 shares of the company's stock, valued at approximately $9,976,180.50. This trade represents a 191.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Angoitia Alfonso De also recently made the following trade(s):

• On Tuesday, September 1st, Angoitia Alfonso De acquired 17,596 shares of Liberty Global stock. The shares were purchased at an average price of $20.65 per share, with a total value of $363,357.40.
• On Monday, August 31st, Angoitia Alfonso De bought 145,490 shares of Liberty Global stock. The shares were bought at an average cost of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Global Price Performance

NASDAQ:LILAK traded down $0.23 during midday trading on Friday, hitting $8.45. The company's stock had a trading volume of 987,912 shares, compared to its average volume of 1,375,265. The firm has a market cap of $1.66 billion, a P/E ratio of -17.24 and a beta of 0.71. The firm's 50 day moving average is $8.00 and its 200-day moving average is $7.94. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.15). The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of LILAK. EverSource Wealth Advisors LLC grew its position 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 buying an additional 2,479 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Liberty Global during the 2nd quarter valued at about $30,000. Headlands Technologies LLC boosted its holdings in shares of Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company's stock worth $53,000 after purchasing an additional 3,934 shares during the period. Xponance LLC purchased a new stake in shares of Liberty Global during the fourth quarter worth about $75,000. Finally, CIBC Asset Management Inc bought a new stake in shares of Liberty Global in the fourth quarter worth about $84,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LILAK has been the subject of a number of research analyst reports. Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup lifted their price objective on Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Finally, UBS Group assumed coverage on Liberty Global in a report on Thursday. They issued a "neutral" rating and a $9.00 target price on the stock. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global currently has an average rating of "Reduce" and an average target price of $9.00.

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.

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