Angoitia Alfonso De Acquires 145,490 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director Angoitia Alfonso De acquired 145,490 shares of the stock in a transaction on Monday, August 31st. The shares were acquired at an average price of $21.00 per share, for a total transaction of $3,055,290.00. Following the acquisition, the director owned 145,490 shares of the company’s stock, valued at approximately $3,055,290. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De bought 313,104 shares of Liberty Global stock. The shares were acquired at an average cost of $20.95 per share, with a total value of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Global stock. The stock was acquired at an average price of $20.65 per share, for a total transaction of $363,357.40.

Liberty Global Stock Down 2.6%

LILAK stock traded down $0.23 during mid-day trading on Friday, reaching $8.45. 987,912 shares of the company traded hands, compared to its average volume of 1,375,265. The firm’s 50 day moving average price is $8.00 and its 200 day moving average price is $7.94. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -17.24 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.

Liberty Global (NASDAQ:LILAK) last announced its earnings results 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). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its holdings in Liberty Global by 377.3% in the 1st 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. bought a new position in Liberty Global during the second quarter valued at approximately $30,000. Headlands Technologies LLC increased its position 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 valued at $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC bought a new stake in shares of Liberty Global during the 4th quarter valued at $75,000. Finally, Tower Research Capital LLC TRC grew its stake 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 valued at $79,000 after acquiring an additional 3,150 shares during the period. Institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

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