Liberty Global (NASDAQ:LILAK) Director John Malone Purchases 36,914 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 36,914 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was bought at an average cost of $20.43 per share, with a total value of $754,153.02. Following the completion of the purchase, the director owned 1,388,040 shares of the company’s stock, valued at approximately $28,357,657.20. This represents a 2.73% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Global Price Performance

LILAK stock opened at $8.40 on Friday. The stock has a market capitalization of $1.65 billion, a PE ratio of -17.14 and a beta of 0.71. The company’s 50-day moving average is $8.22 and its 200-day moving average is $7.99. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13.

Liberty Global (NASDAQ:LILAK) last issued its 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 the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LILAK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Citigroup lifted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Finally, UBS Group began coverage on Liberty Global in a research note on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target for the company. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Liberty Global currently has a consensus rating of “Reduce” and a consensus target price of $9.00.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC lifted its position in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after buying an additional 2,479 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of Liberty Global in the 2nd quarter worth approximately $99,000. AXQ Capital LP bought a new position in shares of Liberty Global in the fourth quarter valued at approximately $108,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Liberty Global in the second quarter valued at approximately $142,000. Finally, Waverly Advisors LLC purchased a new stake in shares of Liberty Global during the second quarter valued at approximately $156,000. 52.98% of the stock is owned by institutional investors.

Liberty Global Company Profile

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.