Liberty Global (NASDAQ:LILAK) Director John Malone Buys 28,219 Shares of Stock

Key Points

• Director John Malone bought 28,219 Liberty Global shares at an average price of $8.50, investing approximately $239,862 and increasing his position by 18.77% to 178,524 shares.
• Liberty Global shares traded at $8.43, near their 52-week high of $9.13, while the company’s latest quarterly revenue of $1.10 billion topped estimates but its adjusted loss of $0.13 per share missed expectations.
• Analysts remain cautious, with the stock carrying an average “Reduce” rating and an $8.60 price target; institutional investors collectively own 52.98% of the company.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 28,219 shares of the stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of $8.50 per share, for a total transaction of $239,861.50. Following the completion of the transaction, the director owned 178,524 shares in the company, valued at $1,517,454. This trade represents a 18.77% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Price Performance

Shares of Liberty Global stock traded down $0.10 during trading on Thursday, hitting $8.43. The stock had a trading volume of 1,228,733 shares, compared to its average volume of 1,125,989. The business has a fifty day moving average of $7.46 and a two-hundred day moving average of $7.88. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The firm has a market cap of $1.70 billion, a P/E ratio of -17.20 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK - Get Free Report) last released its 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). 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 for the quarter, compared to analyst estimates of $1.09 billion.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LILAK shares. Citigroup increased their price target on Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday. Wall Street Zen lowered Liberty Global from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a 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. Based on data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $8.60.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its holdings in shares of Liberty Global by 67.3% during the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company's stock valued at $1,233,000 after acquiring an additional 79,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Liberty Global by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company's stock worth $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 raised its holdings in shares of Liberty Global by 10.8% during 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 worth $2,280,000 after acquiring an additional 35,844 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 116,861 shares in the last quarter. Finally, Legal & General Group Plc boosted 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 valued at $985,000 after purchasing an additional 2,533 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.

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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