Liberty Global (NASDAQ:LILAK) Director Buys $191,054.50 in Stock

Key Points

• Director John Malone purchased 22,477 Liberty Global shares at $8.50 each, investing $191,054.50 and increasing his direct stake by 17.58% to 150,305 shares.
• Liberty Global shares recently traded at $8.43, near their 12-month high of $9.13, while the company’s latest quarterly results missed EPS estimates despite revenue slightly exceeding expectations.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $8.60; institutional investors own approximately 52.98% of the stock.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 22,477 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $8.50 per share, for a total transaction of $191,054.50. Following the acquisition, the director directly owned 150,305 shares of the company's stock, valued at approximately $1,277,592.50. The trade was a 17.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Stock Performance

NASDAQ:LILAK traded down $0.10 during midday trading on Thursday, reaching $8.43. 1,228,733 shares of the stock traded hands, compared to its average volume of 1,125,989. The stock has a market capitalization of $1.70 billion, a P/E ratio of -17.20 and a beta of 0.71. The company has a fifty day moving average of $7.46 and a 200 day moving average of $7.88. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13.

Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently made changes to their positions in LILAK. ProShare Advisors LLC boosted its stake 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 worth $173,000 after acquiring an additional 1,494 shares during the last quarter. Headlands Technologies LLC lifted its position in Liberty Global by 5.4% during the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company's stock valued at $328,000 after purchasing an additional 2,253 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company's stock valued at $28,000 after purchasing an additional 2,479 shares during the period. Legal & General Group Plc increased its position in Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company's stock worth $985,000 after buying an additional 2,533 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Liberty Global by 22.7% in the fourth quarter. CWM LLC now owns 13,800 shares of the company's stock worth $103,000 after buying an additional 2,552 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Liberty Global from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Citigroup boosted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $8.60.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company's core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.

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