Liberty Global (NASDAQ:LILAK) CAO Brian Zook Sells 27,611 Shares of Company Stock

Liberty Global PLC (NASDAQ:LILAK) CAO Brian Zook sold 27,611 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total value of $274,729.45. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at $67,789.35. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Global Stock Up 0.9%

NASDAQ:LILAK traded up $0.09 during trading hours on Friday, hitting $9.86. 3,422,817 shares of the company traded hands, compared to its average volume of 1,268,720. The firm’s 50-day simple moving average is $8.55 and its 200-day simple moving average is $8.10. Liberty Global PLC has a one year low of $4.76 and a one year high of $10.42. The company has a market cap of $1.93 billion, a PE ratio of -10.60 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LILAK. UBS Group initiated coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target on the stock. Citigroup upped their price objective on shares of Liberty Global from $9.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Global presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Institutional Trading of Liberty Global

A number of hedge funds have recently bought and sold shares of LILAK. Polymer Capital Management US LLC purchased a new position in Liberty Global in the third quarter worth $86,000. First Trust Advisors LP grew its stake in Liberty Global by 119.4% in the 3rd quarter. First Trust Advisors LP now owns 266,968 shares of the company’s stock valued at $2,194,000 after purchasing an additional 145,311 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of Liberty Global during the 3rd quarter valued at $763,000. Global Retirement Partners LLC increased its position in shares of Liberty Global by 53.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,217 shares of the company’s stock valued at $35,000 after purchasing an additional 1,467 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Liberty Global by 23.5% during the 3rd quarter. Parallel Advisors LLC now owns 10,559 shares of the company’s stock valued at $87,000 after purchasing an additional 2,012 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.