Liberty Global (NASDAQ:LILAK) Director Acquires $590,359.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 69,454 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the completion of the acquisition, the director owned 306,571 shares in the company, valued at approximately $2,605,853.50. This trade represents a 29.29% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Stock Up 0.6%

NASDAQ LILAK opened at $8.68 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of -17.71 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 business has a 50 day moving average price of $7.97 and a two-hundred day moving average price of $7.94.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LILAK. Dimensional Fund Advisors LP lifted its stake in Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after purchasing an additional 129,952 shares during the last quarter. Rubric Capital Management LP increased its stake in Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares during the last quarter. Fourth Sail Capital LP increased its stake in Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after purchasing an additional 533,221 shares during the last quarter. Bank of America Corp DE raised its holdings 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 worth $4,124,000 after purchasing an additional 98,507 shares during the period. Finally, Alta Fundamental Advisers LLC raised its holdings in shares of Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after purchasing an additional 200,000 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LILAK. Citigroup boosted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group started coverage on Liberty Global in a report on Thursday. They issued a “neutral” rating and a $9.00 price target for the company. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $9.00.

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.