Liberty Global (NASDAQ:LILAK) Director John Malone Purchases 22,477 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 22,477 shares of Liberty Global stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $8.50 per share, with a total value of $191,054.50. Following the completion of the purchase, the director owned 150,305 shares of the company’s stock, valued at approximately $1,277,592.50. This represents a 17.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock had a trading volume of 1,228,733 shares, compared to its average volume of 1,125,989. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The firm has a market capitalization of $1.70 billion, a P/E ratio of -17.20 and a beta of 0.71. The firm’s 50 day moving average is $7.46 and its 200 day moving average is $7.88.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data 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). The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Institutional Trading of Liberty Global

Large investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP raised its holdings in shares of Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Global by 1.4% in the first 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 last quarter. Fourth Sail Capital LP increased its position in Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after purchasing an additional 533,221 shares during the last quarter. Alta Fundamental Advisers LLC raised its stake in Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in Liberty Global by 0.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,268,542 shares of the company’s stock valued at $9,463,000 after purchasing an additional 4,870 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

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

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.