Liberty Global (NASDAQ:LILAK) SVP John Winter Purchases 5,071 Shares

Liberty Global PLC (NASDAQ:LILAK) SVP John Winter bought 5,071 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $19.67 per share, for a total transaction of $99,746.57. Following the completion of the acquisition, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This represents a 8.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Up 2.1%

LILAK stock opened at $7.79 on Wednesday. The firm has a market cap of $1.57 billion, a PE ratio of -3.14 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. 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 firm has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $7.85.

Liberty Global (NASDAQ:LILAK) last posted its quarterly 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 return on equity of 43.70% and a negative net margin of 11.20%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $8.20.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in Liberty Global by 3.9% during the 1st 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 holdings in shares of Liberty Global by 142.3% during 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 grew its holdings in shares of Liberty Global by 26.7% during the first 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 in the last quarter. EverSource Wealth Advisors LLC raised its position in Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after buying an additional 2,479 shares during the period. Finally, Rubric Capital Management LP raised its position in Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after buying an additional 4,738,495 shares during the period. Institutional investors and hedge funds 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.