Liberty Global (NASDAQ:LILAK) Stock: Insider John Malone Purchases 13,362 Shares

Key Points

• Director John Malone purchased 13,362 Liberty Global shares at an average price of $20.44, increasing his direct holdings to 1,402,705 shares.
• Liberty Global shares fell 1.2% to $8.39, while the company recently reported a quarterly EPS loss of $0.13 versus the $0.02 consensus estimate, despite revenue of $1.10 billion.
• Analyst sentiment remains cautious, with two Hold ratings and one Sell rating producing an overall “Reduce” consensus and a $9.00 average price target; institutional investors own 52.98% of the stock.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 13,362 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was bought at an average cost of $20.44 per share, with a total value of $273,119.28. Following the completion of the transaction, the director directly owned 1,402,705 shares in the company, valued at $28,671,290.20. The trade was a 0.96% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Stock Down 1.2%

NASDAQ:LILAK traded down $0.10 during trading hours on Monday, hitting $8.39. 881,026 shares of the company traded hands, compared to its average volume of 1,169,212. The company has a market cap of $1.64 billion, a PE ratio of -17.12 and a beta of 0.71. The firm's 50-day simple moving average is $8.34 and its 200-day simple moving average is $8.01. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC grew its position in shares of Liberty Global by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company's stock valued at $173,000 after acquiring an additional 1,494 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Liberty Global by 377.3% in 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 period. The Manufacturers Life Insurance Company raised its holdings in shares of Liberty Global by 6.3% in the 1st 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 during the period. Corient Private Wealth LP purchased a new position in Liberty Global in the second quarter valued at approximately $99,000. Finally, AXQ Capital LP purchased a new position in Liberty Global in the fourth quarter valued at approximately $108,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LILAK. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 17th. UBS Group assumed coverage on shares of 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 boosted their target price on Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target 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.

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.