Liberty Global (NASDAQ:LILAK) Director Charles Bracken Sells 42,975 Shares of Stock

Key Points

• Liberty Global director Charles Bracken sold 42,975 shares at an average price of $8.57, generating approximately $368,296 in proceeds.
• The stock recently traded at $8.43, near its 12-month high of $9.13. Its latest quarterly results missed estimates, with a loss of $0.13 per share versus expectations for a $0.02 profit, despite revenue slightly exceeding forecasts.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $8.60; hedge funds and other institutions own about 52.98% of the company.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director Charles Bracken sold 42,975 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Global Price Performance

Liberty Global stock traded down $0.10 during midday trading on Thursday, reaching $8.43. The company had a trading volume of 1,228,733 shares, compared to its average volume of 1,125,989. The company has a market capitalization of $1.70 billion, a P/E ratio of -17.20 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 simple moving average is $7.46 and its 200-day simple moving average is $7.88.

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

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently made changes to their positions in LILAK. AQR Capital Management LLC grew its holdings in Liberty Global by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company's stock valued at $1,233,000 after buying an additional 79,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Liberty Global by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company's stock valued at $478,000 after acquiring an additional 3,234 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Liberty Global by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company's stock valued at $2,280,000 after purchasing an additional 35,844 shares during the period. Jane Street Group LLC increased its position in Liberty Global by 316.4% during the first quarter. Jane Street Group LLC now owns 153,799 shares of the company's stock worth $955,000 after purchasing an additional 116,861 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company's stock worth $985,000 after purchasing an additional 2,533 shares during the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

About Liberty Global

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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