Insider Buying: Liberty Global (NASDAQ:LILAK) Director Buys 512 Shares of Company Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 512 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of $20.45 per share, for a total transaction of $10,470.40. Following the purchase, the director directly owned 1,411,162 shares of the company’s stock, valued at approximately $28,858,262.90. This trade represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Global Price Performance

Shares of LILAK stock traded up $0.08 during trading hours on Thursday, reaching $8.30. 1,032,770 shares of the company traded hands, compared to its average volume of 1,173,576. The firm has a 50-day moving average price of $8.41 and a 200 day moving average price of $8.02. The company has a market cap of $1.63 billion, a P/E ratio of -16.94 and a beta of 0.71. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Rubric Capital Management LP grew its holdings in shares of Liberty Global by 44.5% in 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 in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $85,439,000 after purchasing an additional 129,952 shares in the last quarter. Fourth Sail Capital LP lifted its position 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. Alta Fundamental Advisers LLC lifted its position in Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after purchasing an additional 200,000 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in shares of Liberty Global by 3.9% in the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after buying an additional 29,933 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of 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 note on Thursday, September 3rd. They set a “neutral” rating and a $9.00 target price on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $9.00.

About Liberty Global

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.