Liberty Global (NASDAQ:LILAK) Trading Down 4.6% - Here's What Happened

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) shares dropped 4.6% during mid-day trading on Wednesday . The company traded as low as $6.16 and last traded at $6.14. Approximately 290,976 shares changed hands during trading, a decline of 72% from the average daily volume of 1,056,010 shares. The stock had previously closed at $6.43.

Wall Street Analyst Weigh In

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 Price Performance

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

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

Insider Buying and Selling

In other news, CFO Christopher J. Noyes bought 8,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the acquisition, the chief financial officer owned 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Balan Nair bought 22,779 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.39 per share, for a total transaction of $99,999.81. Following the acquisition, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. The trade was a 1.40% 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Liberty Global by 556.5% in the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock worth $33,000 after acquiring an additional 4,519 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Liberty Global in the fourth quarter worth $41,000. Bridgefront Capital LLC purchased a new stake in Liberty Global in the fourth quarter worth $65,000. GAMMA Investing LLC lifted its stake in Liberty Global by 577.2% in the first quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock worth $73,000 after acquiring an additional 10,067 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in Liberty Global in the fourth quarter worth $80,000. Institutional investors 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.