John Malone Acquires 336,706 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 336,706 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of $6.96 per share, with a total value of $2,343,473.76. Following the transaction, the director directly owned 3,708,120 shares of the company’s stock, valued at $25,808,515.20. This represents a 9.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liberty Global Price Performance

NASDAQ LILAK traded up $0.56 during trading hours on Monday, reaching $7.63. The company’s stock had a trading volume of 2,347,174 shares, compared to its average volume of 1,049,591. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -3.08 and a beta of 0.71. The firm’s 50-day moving average price is $7.70 and its 200-day moving average price is $7.86.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hudson Bay Capital Management LP bought a new position in Liberty Global during the third quarter valued at $2,110,000. Oaktree Capital Management LP increased its holdings in shares of Liberty Global by 186.4% in the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying an additional 4,341,307 shares during the last quarter. Fourth Sail Capital LP increased its holdings in shares of Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after buying an additional 533,221 shares during the last quarter. Alta Fundamental Advisers LLC raised its position in shares of Liberty Global by 10.8% during the 4th quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after buying an additional 200,000 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Liberty Global by 45.5% during the 4th quarter. UBS Group AG now owns 462,282 shares of the company’s stock valued at $3,449,000 after buying an additional 144,521 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $8.20.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.