Liberty Global (NASDAQ:LILAK) Sees Strong Trading Volume - Still a Buy?

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) shares saw an uptick in trading volume on Monday . 1,831,400 shares traded hands during trading, an increase of 75% from the previous session's volume of 1,045,577 shares.The stock last traded at $6.50 and had previously closed at $6.60.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

Liberty Global Trading Up 2.4%

The business's 50 day moving average price is $5.52 and its two-hundred day moving average price is $6.06. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -1.59 and a beta of 0.95.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.55). Liberty Global had a negative return on equity of 44.60% and a negative net margin of 17.85%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Insider Activity at Liberty Global

In other Liberty Global news, CEO Balan Nair bought 22,779 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the transaction, the chief executive officer directly owned 1,651,001 shares in the company, valued at approximately $7,247,894.39. This represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher J. Noyes purchased 8,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the transaction, the chief financial officer directly owned 231,621 shares in the company, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their position. The disclosure for this purchase can be found here. 9.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LILAK. Versant Capital Management Inc lifted its position in shares of Liberty Global by 556.5% in the 1st quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock worth $33,000 after purchasing an additional 4,519 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Liberty Global in the 4th quarter worth approximately $41,000. Bridgefront Capital LLC acquired a new position in shares of Liberty Global in the 4th quarter worth approximately $65,000. GAMMA Investing LLC lifted its position in shares of Liberty Global by 577.2% in the 1st quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after purchasing an additional 10,067 shares during the period. Finally, Townsquare Capital LLC acquired a new position in shares of Liberty Global in the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 52.98% of the company's stock.

Liberty Global Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.