Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 1,135 Shares of Stock

Key Points

• Director John Malone purchased 1,135 Liberty Global shares at an average price of $20.45, increasing his holdings by 0.08% to 1,389,343 shares.
• Liberty Global shares fell 1.2% to $8.39. The company recently reported a quarterly loss of $0.13 per share, missing estimates, although revenue of $1.10 billion slightly exceeded forecasts.
• Institutional investors own 52.98% of the company, while analysts maintain a cautious outlook with a consensus “Reduce” rating and an average price target of $9.00.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone acquired 1,135 shares of the company's stock in a transaction dated Thursday, September 24th. The shares were bought at an average cost of $20.45 per share, with a total value of $23,210.75. Following the purchase, the director owned 1,389,343 shares of the company's stock, valued at approximately $28,412,064.35. This trade represents a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liberty Global Stock Down 1.2%

Shares of Liberty Global stock traded down $0.10 on Monday, hitting $8.39. The stock had a trading volume of 881,026 shares, compared to its average volume of 1,169,212. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The stock's 50-day simple moving average is $8.34 and its two-hundred day simple moving average is $8.01. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -17.12 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) 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 the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Liberty Global by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock valued at $85,439,000 after buying an additional 129,952 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Liberty Global by 44.5% in the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company's stock worth $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. Fourth Sail Capital LP boosted its holdings in Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock worth $21,602,000 after acquiring an additional 533,221 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Liberty Global by 383.8% in the second quarter. Squarepoint Ops LLC now owns 111,243 shares of the company's stock worth $867,000 after acquiring an additional 88,248 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company's stock worth $4,124,000 after acquiring an additional 98,507 shares during the last quarter. Institutional investors own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LILAK. Citigroup increased their target price on shares of Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 17th. Finally, UBS Group assumed coverage on Liberty Global in a research report on Thursday, September 3rd. They set a "neutral" rating and a $9.00 price target for the company. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $9.00.

Liberty Global Company Profile

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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