Insider Buying: Liberty Global (NASDAQ:LILAK) Director Acquires $123,851.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 17,693 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of $7.00 per share, with a total value of $123,851.00. Following the completion of the acquisition, the director directly owned 3,725,813 shares in the company, valued at $26,080,691. This trade represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Price Performance

Shares of NASDAQ:LILAK opened at $7.89 on Thursday. The firm has a market capitalization of $1.59 billion, a PE ratio of -3.18 and a beta of 0.72. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13. The firm’s 50-day moving average is $7.64 and its two-hundred day moving average is $7.84.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on LILAK shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One equities 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.com, Liberty Global currently has an average rating of “Reduce” and an average price target of $8.20.

Institutional Investors Weigh In On Liberty Global

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after purchasing an additional 2,479 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Liberty Global in the second quarter valued at $30,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC purchased a new stake in Liberty Global during the 4th quarter worth about $75,000. Finally, Diversified Trust Co. purchased a new stake in Liberty Global during the 4th quarter worth about $78,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.