Balan Nair Purchases 20,000 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair purchased 20,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This trade represents a 0.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liberty Global Stock Performance

Shares of LILAK traded down $0.31 during trading hours on Tuesday, hitting $7.57. The company’s stock had a trading volume of 706,711 shares, compared to its average volume of 874,359. The business has a 50 day simple moving average of $8.27 and a two-hundred day simple moving average of $8.09. Liberty Global PLC has a 52-week low of $4.48 and a 52-week high of $9.13. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -3.05 and a beta of 0.72.

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

Analyst Upgrades and Downgrades

LILAK has been the topic of a number of recent research reports. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and a consensus price target of $8.20.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in shares of Liberty Global during the second quarter valued at approximately $30,000. State of Alaska Department of Revenue bought a new position in Liberty Global in the 3rd quarter valued at approximately $50,000. Headlands Technologies LLC lifted its position in Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares in the last quarter. Xponance LLC purchased a new stake in Liberty Global during the 4th quarter valued at $75,000. Finally, Diversified Trust Co. purchased a new stake in Liberty Global during the 4th quarter valued at $78,000. 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.