Liberty Global (NASDAQ:LILAK) Trading Down 5.1% – Here’s Why

Liberty Global PLC (NASDAQ:LILAK) shares were down 5.1% on Friday . The company traded as low as $7.90 and last traded at $7.9050. Approximately 370,192 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 860,579 shares. The stock had previously closed at $8.33.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LILAK. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Performance

The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s fifty day moving average is $8.22 and its two-hundred day moving average is $8.06. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -3.24 and a beta of 0.72.

Liberty Global’s stock is set to split on the morning of Monday, June 1st. The 11-10 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Sunday, May 31st.

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

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CEO Balan Nair acquired 20,000 shares of Liberty Global stock in a transaction dated Friday, May 8th. The stock was bought at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the transaction, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Liberty Global during the 2nd quarter valued at about $30,000. State of Alaska Department of Revenue bought a new position in shares of Liberty Global during the 3rd quarter valued at about $50,000. Headlands Technologies LLC boosted 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 in the last quarter. Finally, Xponance LLC bought a new position in shares of Liberty Global during the 4th quarter valued at about $75,000. Institutional investors own 52.98% of the company’s stock.

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.