Liberty Global PLC (NASDAQ:LILAK - Get Free Report) shares traded down 4.6% on Wednesday . The stock traded as low as $6.16 and last traded at $6.14. 290,976 shares were traded during trading, a decline of 72% from the average session volume of 1,056,010 shares. The stock had previously closed at $6.43.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Liberty Global from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.
View Our Latest Analysis on LILAK
Liberty Global Stock Performance
The company has a debt-to-equity ratio of 5.00, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.25 billion, a P/E ratio of -1.55 and a beta of 0.95. The firm's fifty day moving average price is $5.48 and its 200 day moving average price is $6.05.
Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly 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 net margin of 17.85% and a negative return on equity of 44.60%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion.
Insider Buying and Selling
In related news, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer owned 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $4.39 per share, with a total value of $99,999.81. Following the acquisition, the chief executive officer 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 insiders.
Institutional Trading of Liberty Global
Several large investors have recently made changes to their positions in LILAK. Versant Capital Management Inc lifted its stake 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 valued at $33,000 after purchasing an additional 4,519 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Liberty Global in the fourth quarter valued at about $41,000. Bridgefront Capital LLC purchased a new stake in shares of Liberty Global in the fourth quarter valued at about $65,000. GAMMA Investing LLC grew its holdings in shares of Liberty Global by 577.2% in the first quarter. GAMMA Investing LLC now owns 11,811 shares of the company's stock valued at $73,000 after purchasing an additional 10,067 shares during the period. Finally, Townsquare Capital LLC purchased a new stake in shares of Liberty Global in the fourth quarter valued at about $80,000. 52.98% of the stock is owned by hedge funds and other institutional investors.
About Liberty Global
(
Get Free Report)
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.
See Also
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