Liberty Global (NASDAQ:LILAK) Director Purchases $107,067,775.69 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 12,406,463 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Global Stock Down 1.7%

Shares of NASDAQ:LILAK traded down $0.14 during mid-day trading on Wednesday, hitting $8.01. 936,585 shares of the company traded hands, compared to its average volume of 871,221. The stock has a market cap of $1.61 billion, a P/E ratio of -3.23 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global PLC has a 12-month low of $4.89 and a 12-month high of $9.13. The stock has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $8.07.

Shares of Liberty Global are set to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Sunday, May 31st.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its stake in shares of Liberty Global by 24.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,287,750 shares of the company’s stock valued at $10,869,000 after purchasing an additional 253,169 shares during the period. Hudson Bay Capital Management LP bought a new stake in shares of Liberty Global during the 3rd quarter valued at $2,110,000. Banco Santander S.A. raised its stake in shares of Liberty Global by 899.7% during the 3rd quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock valued at $9,228,000 after purchasing an additional 983,944 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Liberty Global during the 3rd quarter valued at $760,000. Finally, Oaktree Capital Management LP raised its stake in shares of Liberty Global by 186.4% during the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock valued at $56,293,000 after purchasing an additional 4,341,307 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LILAK has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.20.

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.