Liberty Global (NASDAQ:LILAK) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Liberty Global shares briefly moved above their 200-day moving average, reaching $8.06 and last trading at $8.04, compared with the $8.01 technical benchmark.
• Analysts remain cautious: the stock carries an average “Reduce” rating, with two Holds and one Sell, alongside a consensus price target of $9.00.
• The company missed quarterly earnings expectations, reporting a loss of $0.13 per share versus the anticipated $0.02 profit, although revenue of $1.10 billion slightly exceeded estimates.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.01 and traded as high as $8.06. Liberty Global shares last traded at $8.04, with a volume of 1,707,020 shares.

Analysts Set New Price Targets

LILAK has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 15th. UBS Group initiated coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a "neutral" rating and a $9.00 price target on the stock. Finally, Citigroup increased their price target on Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $9.00.

Liberty Global Stock Performance

The business's 50 day moving average price is $8.41 and its 200-day moving average price is $8.01. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -16.41 and a beta of 0.70.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.15). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Insiders Place Their Bets

In other news, Director Charles H. R. Bracken sold 42,975 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total value of $368,295.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone purchased 113,704 shares of the stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $10.12 per share, with a total value of $1,150,684.48. Following the completion of the acquisition, the director directly owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 970,439 shares of company stock valued at $16,180,721 in the last quarter. Insiders own 9.66% of the company's stock.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company's stock valued at $28,000 after purchasing an additional 2,479 shares during the period. Sterling Capital Management LLC grew its stake in Liberty Global by 172.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,521 shares of the company's stock worth $29,000 after buying an additional 2,227 shares during the last quarter. Versant Capital Management Inc increased its position in Liberty Global by 50.8% in the third quarter. Versant Capital Management Inc now owns 4,604 shares of the company's stock worth $38,000 after buying an additional 1,550 shares during the period. Fortitude Family Office LLC acquired a new stake in Liberty Global in the third quarter worth $45,000. Finally, Cyndeo Wealth Partners LLC increased its position in Liberty Global by 11.9% in the third quarter. Cyndeo Wealth Partners LLC now owns 12,355 shares of the company's stock worth $102,000 after buying an additional 1,312 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.

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