Insider Buying: Liberty Global (NASDAQ:LILAK) Director Purchases 103,328 Shares

Key Points

• Director John Malone bought 103,328 Liberty Global shares at an average price of $16.97, investing about $1.75 million and increasing his direct ownership by 8.39% to 1.34 million shares.
• Liberty Global’s latest quarter missed earnings expectations, reporting a loss of $0.13 per share versus the $0.02 consensus estimate, although revenue of $1.10 billion slightly exceeded forecasts.
• LILAK shares recently traded at $8.47, while analysts maintain a generally cautious outlook: the stock carries an average “Reduce” rating and an $8.10 price target.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 103,328 shares of the company's stock in a transaction on Friday, August 7th. The shares were acquired at an average cost of $16.97 per share, for a total transaction of $1,753,476.16. Following the completion of the acquisition, the director directly owned 1,335,377 shares of the company's stock, valued at $22,661,347.69. This trade represents a 8.39% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liberty Global Stock Up 0.5%

LILAK stock traded up $0.04 during midday trading on Tuesday, reaching $8.47. The company had a trading volume of 1,013,183 shares, compared to its average volume of 1,122,645. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The firm has a market capitalization of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71. The stock has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.87.

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

Institutional Trading of Liberty Global

A number of institutional investors have recently made changes to their positions in LILAK. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company's stock valued at $28,000 after acquiring an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Liberty Global in the second quarter worth approximately $30,000. Headlands Technologies LLC lifted its position in Liberty Global by 85.9% in 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 bought a new position in Liberty Global during the 4th quarter valued at $75,000. Finally, Tower Research Capital LLC TRC boosted its stake in Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company's stock valued at $79,000 after purchasing an additional 3,150 shares in the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup reiterated a "neutral" rating and set a $8.00 price target (up from $6.45) on shares of Liberty Global in a research report on Friday, July 10th. Finally, Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $8.10.

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.

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