Liberty Global (NASDAQ:LILAK) Stock: Insider John Malone Buys 7,945 Shares

Key Points

• Director John Malone bought 7,945 Liberty Global shares at an average price of $20.43, investing approximately $162,316 and increasing his direct ownership by 0.57% to 1.41 million shares.
• Liberty Global shares fell 1.2% to $8.39 during Monday trading. The company recently reported a quarterly loss of $0.13 per share, missing the $0.02 analyst consensus, though revenue of $1.10 billion slightly exceeded expectations.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $9.00 target price. Institutional investors own nearly 53% of the company, with several hedge funds recently increasing their positions.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 7,945 shares of Liberty Global stock in a transaction dated Monday, September 28th. The shares were bought at an average price of $20.43 per share, with a total value of $162,316.35. Following the completion of the acquisition, the director directly owned 1,410,650 shares of the company's stock, valued at approximately $28,819,579.50. This represents a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Global Trading Down 1.2%

NASDAQ:LILAK traded down $0.10 during mid-day trading on Monday, reaching $8.39. The company's stock had a trading volume of 881,026 shares, compared to its average volume of 1,169,212. The stock has a market cap of $1.64 billion, a P/E ratio of -17.12 and a beta of 0.71. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13. The firm's fifty day moving average price is $8.34 and its two-hundred day moving average price is $8.01.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its 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). 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 for the quarter, compared to analysts' expectations of $1.09 billion.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of LILAK. Dimensional Fund Advisors LP increased its stake in Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock worth $85,439,000 after purchasing an additional 129,952 shares during the period. Rubric Capital Management LP grew its holdings in shares of 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 purchasing an additional 4,738,495 shares during the last quarter. Fourth Sail Capital LP increased its stake in Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock worth $21,602,000 after buying an additional 533,221 shares during the period. Squarepoint Ops LLC increased its stake in Liberty Global by 383.8% in the 2nd quarter. Squarepoint Ops LLC now owns 111,243 shares of the company's stock worth $867,000 after buying an additional 88,248 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company's stock valued at $4,124,000 after buying an additional 98,507 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.