Insider Buying: Liberty Global (NASDAQ:LILAK) Director Purchases 1,319,181 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 1,319,181 shares of Liberty Global stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $4.98 per share, with a total value of $6,569,521.38. Following the transaction, the director owned 21,397,127 shares of the company’s stock, valued at approximately $106,557,692.46. This represents a 6.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Stock Performance

Shares of NASDAQ LILAK traded up $0.64 during trading on Wednesday, hitting $6.52. The company had a trading volume of 2,717,474 shares, compared to its average volume of 1,476,192. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $1.31 billion, a P/E ratio of -2.63 and a beta of 0.71. The stock has a 50 day simple moving average of $7.76 and a 200 day simple moving average of $7.88.

Liberty Global (NASDAQ:LILAK) last released 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). 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 during the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Trading of Liberty Global

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

Wall Street Analyst Weigh In

Several analysts have recently commented on LILAK shares. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average 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.