Liberty Global (NASDAQ:LILAK) Director Brendan Paddick Acquires 100,000 Shares

Liberty Global PLC (NASDAQ:LILAK) Director Brendan Paddick acquired 100,000 shares of Liberty Global stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. This represents a 6.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Trading Up 10.9%

Shares of NASDAQ LILAK traded up $0.58 during midday trading on Tuesday, hitting $5.88. The stock had a trading volume of 3,346,940 shares, compared to its average volume of 980,575. The company’s 50-day simple moving average is $7.84 and its 200 day simple moving average is $7.92. The firm has a market cap of $1.18 billion, a P/E ratio of -2.37 and a beta of 0.71. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

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

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its stake in shares of Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after purchasing an additional 29,933 shares during the period. Cim Investment Management Inc. boosted its holdings in Liberty Global by 142.3% during the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock worth $389,000 after buying an additional 25,885 shares during the last quarter. Bank of America Corp DE grew its position in shares of Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after buying an additional 98,507 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Global by 377.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after acquiring an additional 2,479 shares during the last quarter. Finally, Rubric Capital Management LP raised its position in shares of Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after acquiring an additional 4,738,495 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on LILAK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target 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.