John Malone Acquires 113,704 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 113,704 shares of the stock in a transaction dated Monday, August 10th. The shares were bought at an average cost of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the purchase, the director owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. This trade represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Stock Up 0.5%

Shares of NASDAQ LILAK traded up $0.04 during midday trading on Tuesday, hitting $8.47. The company had a trading volume of 1,013,183 shares, compared to its average volume of 1,122,645. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The business has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $7.87. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of -17.29 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after acquiring an additional 2,479 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $30,000. Headlands Technologies LLC increased its stake in shares of Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after purchasing an additional 3,934 shares in the last quarter. Xponance LLC purchased a new position in shares of Liberty Global during the 4th quarter worth approximately $75,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after purchasing an additional 3,150 shares during the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup reaffirmed a “neutral” rating and set a $8.00 price objective (up from $6.45) on shares of Liberty Global in a report on Friday, July 10th. Finally, Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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, Liberty Global presently has an average rating of “Reduce” and an average price target of $8.10.

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.