Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 6,761 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 6,761 shares of the stock in a transaction on Friday, August 14th. The shares were purchased at an average price of $8.50 per share, with a total value of $57,468.50. Following the completion of the transaction, the director owned 185,285 shares of the company’s stock, valued at approximately $1,574,922.50. This represents a 3.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Liberty Global Price Performance

NASDAQ LILAK opened at $8.30 on Wednesday. The business has a fifty day moving average price of $7.52 and a two-hundred day moving average price of $7.90. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The stock has a market capitalization of $1.63 billion, a PE ratio of -16.94 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Citigroup lifted their target price on Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Finally, Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global has an average rating of “Reduce” and a consensus price target of $8.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LILAK. Rubric Capital Management LP acquired a new position in Liberty Global during the 3rd quarter worth about $86,569,000. Sculptor Capital LP acquired a new stake in shares of Liberty Global in the second quarter valued at about $3,627,000. Fourth Sail Capital LP increased its stake in shares of Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after buying an additional 533,221 shares during the period. First Trust Advisors LP raised its position in shares of Liberty Global by 253.1% during the fourth quarter. First Trust Advisors LP now owns 678,043 shares of the company’s stock worth $5,058,000 after acquiring an additional 486,022 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Liberty Global by 71.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company’s stock worth $8,539,000 after acquiring an additional 475,880 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

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.