Liberty Global (NASDAQ:LILAK) Director John Malone Buys 7,960 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 7,960 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of $20.08 per share, for a total transaction of $159,836.80. Following the completion of the transaction, the director owned 2,313,637 shares in the company, valued at approximately $46,457,830.96. The trade was a 0.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Stock Up 6.7%

Shares of LILAK traded up $0.63 during mid-day trading on Tuesday, hitting $9.97. 2,186,715 shares of the company’s stock traded hands, compared to its average volume of 1,254,117. The firm has a market capitalization of $1.95 billion, a P/E ratio of -10.72 and a beta of 0.75. The business’s 50-day moving average price is $8.46 and its 200-day moving average price is $8.07. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $10.18.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.42) 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 business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion.

Analysts Set New Price Targets

LILAK has been the subject of several research reports. Citigroup upped their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. UBS Group began coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They set a “neutral” rating and a $9.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $9.00.

Institutional Investors Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP lifted its position in Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares during the period. Dimensional Fund Advisors LP grew its position in Liberty Global by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after purchasing an additional 129,952 shares during the period. Bank of America Corp DE grew its position in Liberty Global by 26.7% in the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after purchasing an additional 98,507 shares during the period. Squarepoint Ops LLC grew its position in Liberty Global by 383.8% in the 2nd quarter. Squarepoint Ops LLC now owns 111,243 shares of the company’s stock worth $867,000 after purchasing an additional 88,248 shares during the period. Finally, First Trust Advisors LP raised its stake in Liberty Global by 9.8% during the 1st quarter. First Trust Advisors LP now owns 744,252 shares of the company’s stock valued at $6,564,000 after buying an additional 66,209 shares during the last quarter. 52.98% of the stock is owned by hedge funds and other 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.