Liberty Global (NASDAQ:LILAK) CEO Balan Nair Buys 164,914 Shares

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair bought 164,914 shares of the stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the acquisition, the chief executive officer directly owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. The trade was a 5.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair purchased 20,000 shares of Liberty Global stock. The shares were purchased at an average price of $8.07 per share, for a total transaction of $161,400.00.

Liberty Global Stock Performance

Liberty Global stock opened at $5.88 on Wednesday. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13. The firm has a market capitalization of $1.18 billion, a P/E ratio of -2.37 and a beta of 0.71. The company’s 50-day moving average is $7.79 and its 200 day moving average is $7.90.

Liberty Global (NASDAQ:LILAK) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) 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 analysts’ expectations of $1.09 billion.

Institutional Investors Weigh In On Liberty Global

Several institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Liberty Global during the 2nd quarter worth $30,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares during the last quarter. Xponance LLC purchased a new stake in Liberty Global in the fourth quarter valued at about $75,000. Finally, Diversified Trust Co. acquired a new stake in Liberty Global in the fourth quarter worth about $78,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.