Liberty Global (NASDAQ:LILAK) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Liberty Global PLC (NASDAQ:LILAK)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.42 and traded as high as $7.50. Liberty Global shares last traded at $7.33, with a volume of 1,286,334 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented 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 reiterated a “neutral” rating and set a $8.00 price target (up from $6.45) on shares of Liberty Global in a research report on Friday, July 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $8.10.

Liberty Global Stock Down 1.7%

The company has a market capitalization of $1.48 billion, a P/E ratio of -2.96 and a beta of 0.72. The company has a 50-day moving average of $7.42 and a two-hundred day moving average of $7.79.

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

Insider Buying and Selling at Liberty Global

In other Liberty Global news, Director John C. Malone acquired 12,406,463 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the purchase, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Brendan J. Paddick acquired 100,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director owned 1,559,542 shares of the company’s stock, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 14,820,228 shares of company stock valued at $121,249,631. Insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its stake in Liberty Global by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after purchasing an additional 1,494 shares during the period. Headlands Technologies LLC grew its holdings in Liberty Global by 5.4% during the 4th quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after buying an additional 2,253 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after buying an additional 2,479 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after buying an additional 2,533 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of Liberty Global by 22.7% in the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after buying an additional 2,552 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.