Liberty Global (NASDAQ:LILAK) Director Charles Bracken Acquires 4,900 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director Charles Bracken bought 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average cost of $20.50 per share, for a total transaction of $100,450.00. Following the completion of the transaction, the director directly owned 18,867 shares of the company’s stock, valued at approximately $386,773.50. The trade was a 35.08% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Liberty Global Trading Up 5.5%

LILAK stock traded up $0.36 on Thursday, hitting $6.91. 2,565,093 shares of the company were exchanged, compared to its average volume of 1,008,091. Liberty Global PLC has a twelve month low of $4.76 and a twelve month 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 business’s fifty day moving average is $7.76 and its two-hundred day moving average is $7.88. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.79 and a beta of 0.71.

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

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC raised its position in Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after purchasing an additional 29,933 shares during the period. Cim Investment Management Inc. grew its stake in shares of Liberty Global by 142.3% in the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after buying an additional 25,885 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after buying an additional 98,507 shares during the period. EverSource Wealth Advisors LLC lifted its position in Liberty Global by 377.3% during 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 in the last quarter. Finally, Rubric Capital Management LP boosted its holdings in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after acquiring an additional 4,738,495 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on LILAK shares. Wall Street Zen downgraded 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 investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and an average target price of $8.20.

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.