Liberty Global (NASDAQ:LILAK) Trading Down 4.6% - Should You Sell?

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

Analyst Upgrades and Downgrades

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

Liberty Global Stock Performance

The firm has a market capitalization of $1.28 billion, a P/E ratio of -1.59 and a beta of 0.95. The stock has a fifty day simple moving average of $5.50 and a two-hundred day simple moving average of $6.05. 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 released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate 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 at Liberty Global

In other Liberty Global news, CFO Christopher J. Noyes acquired 8,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer directly owned 231,621 shares in the company, valued at $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balan Nair acquired 22,779 shares of the company's stock in a transaction 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 completion of 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 ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently modified their holdings of LILAK. Versant Capital Management Inc increased its position in shares of 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 purchasing an additional 4,519 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Liberty Global in the fourth quarter worth approximately $41,000. Bridgefront Capital LLC bought a new position in shares of Liberty Global in the fourth quarter worth approximately $65,000. GAMMA Investing LLC increased its position 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 worth $73,000 after purchasing an additional 10,067 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in shares of Liberty Global in the fourth quarter worth approximately $80,000. 52.98% of the stock is currently owned by institutional investors.

About Liberty Global

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.