Liberty Global (NASDAQ:LILAK) Director Buys $754,153.02 in Stock

Key Points

• Director John Malone purchased 36,914 Liberty Global shares at an average price of $20.43, investing $754,153 and increasing his stake by 2.73% to 1.39 million shares.
• Liberty Global shares recently traded at $8.40, near the upper end of their 52-week range. The company’s latest quarterly results missed earnings expectations, reporting a $0.13 loss per share despite revenue of $1.10 billion.
• Analysts maintain a cautious outlook, with two Hold ratings and one Sell rating producing a consensus “Reduce” recommendation and a $9.00 target price; institutional investors own 52.98% of the stock.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 36,914 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were bought at an average cost of $20.43 per share, for a total transaction of $754,153.02. Following the transaction, the director owned 1,388,040 shares in the company, valued at $28,357,657.20. The trade was a 2.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Liberty Global Price Performance

Liberty Global stock traded down $0.17 during mid-day trading on Friday, reaching $8.40. 3,972,037 shares of the company traded hands, compared to its average volume of 1,162,165. The firm's fifty day moving average is $8.20 and its two-hundred day moving average is $7.99. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -17.14 and a beta of 0.71. 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 data 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its holdings in Liberty Global by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company's stock worth $173,000 after acquiring an additional 1,494 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 worth $28,000 after purchasing an additional 2,479 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Liberty Global by 6.3% during the first quarter. The Manufacturers Life Insurance Company now owns 64,453 shares of the company's stock worth $568,000 after purchasing an additional 3,845 shares in the last quarter. Corient Private Wealth LP acquired a new position in shares of Liberty Global during the second quarter worth $99,000. Finally, AXQ Capital LP purchased a new position in Liberty Global in the fourth quarter valued at $108,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on LILAK shares. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 17th. Citigroup increased their target price on shares of 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 began coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They issued a "neutral" rating and a $9.00 price target on the stock. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $9.00.

About Liberty Global

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.

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