Insider Selling: Liberty Global (NASDAQ:LILAK) Director Sells 42,975 Shares

Liberty Global PLC (NASDAQ:LILAK) Director Charles Bracken sold 42,975 shares of Liberty Global stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.57, for a total transaction of $368,295.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Trading Down 1.2%

Liberty Global stock traded down $0.10 during mid-day trading on Thursday, hitting $8.43. The company’s stock had a trading volume of 1,228,733 shares, compared to its average volume of 1,125,989. The stock’s fifty day moving average is $7.46 and its two-hundred day moving average is $7.88. The firm has a market capitalization of $1.70 billion, a PE ratio of -17.20 and a beta of 0.71. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13.

Liberty Global (NASDAQ:LILAK) last posted 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). 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 analysts’ expectations of $1.09 billion.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup increased their target price on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Two 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, the stock currently has an average rating of “Reduce” and an average price target of $8.60.

Institutional Trading of Liberty Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rubric Capital Management LP acquired a new position in Liberty Global in the 3rd quarter valued at about $86,569,000. Sculptor Capital LP acquired a new stake in shares of Liberty Global during the second quarter worth about $3,627,000. Fourth Sail Capital LP boosted 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 purchasing an additional 533,221 shares during the period. First Trust Advisors LP boosted its stake in shares of Liberty Global by 253.1% in the fourth quarter. First Trust Advisors LP now owns 678,043 shares of the company’s stock valued at $5,058,000 after purchasing an additional 486,022 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Liberty Global by 71.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company’s stock valued at $8,539,000 after purchasing an additional 475,880 shares in the last quarter. Hedge funds and other 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.