Liberty Global (NASDAQ:LILAK) Director Purchases $10,470.40 in Stock

Key Points

• Director John Malone bought 512 Liberty Global shares at an average price of $20.45, investing $10,470.40 and increasing his ownership to 1,411,162 shares.
• Liberty Global shares recently traded at $8.30, within a 52-week range of $4.76 to $9.13. The company reported quarterly revenue of $1.10 billion but missed earnings expectations with a loss of $0.13 per share.
• Analyst sentiment remains cautious, with two Hold ratings and one Sell rating, producing a consensus “Reduce” rating and a $9.00 price target; institutional investors own 52.98% of the stock.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 512 shares of the business's stock in a transaction dated Tuesday, September 29th. The shares were purchased at an average price of $20.45 per share, for a total transaction of $10,470.40. Following the acquisition, the director owned 1,411,162 shares of the company's stock, valued at approximately $28,858,262.90. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Stock Performance

Shares of LILAK traded up $0.08 on Thursday, hitting $8.30. 1,032,770 shares of the stock traded hands, compared to its average volume of 1,173,576. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The company has a market capitalization of $1.63 billion, a PE ratio of -16.94 and a beta of 0.71. The business has a 50 day simple moving average of $8.41 and a 200 day simple moving average of $8.02.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 2,479 shares during the last quarter. Corient Private Wealth LP purchased a new stake in shares of Liberty Global in the 2nd quarter worth $99,000. AXQ Capital LP bought a new position in Liberty Global in the 4th quarter worth $108,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Liberty Global in the 2nd quarter worth $142,000. Finally, Waverly Advisors LLC bought a new position in Liberty Global in the 2nd quarter worth $156,000. 52.98% of the stock is currently owned by institutional investors.

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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