John Malone Acquires 6,761 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 6,761 shares of Liberty Global stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $8.50 per share, for a total transaction of $57,468.50. Following the completion of the purchase, the director directly owned 185,285 shares of the company’s stock, valued at approximately $1,574,922.50. The trade was a 3.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Down 1.7%

Shares of LILAK traded down $0.14 during trading hours on Tuesday, hitting $8.30. The company had a trading volume of 1,310,331 shares, compared to its average volume of 1,126,894. The firm has a market cap of $1.63 billion, a P/E ratio of -16.94 and a beta of 0.71. The stock’s 50 day moving average price is $7.51 and its 200 day moving average price is $7.89. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC raised its position 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 last quarter. Cim Investment Management Inc. increased its stake 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 during the period. Bank of America Corp DE increased its stake 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 during the period. EverSource Wealth Advisors LLC raised its holdings 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 valued at $28,000 after acquiring an additional 2,479 shares in the last quarter. Finally, Rubric Capital Management LP raised its holdings in shares of 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 acquiring an additional 4,738,495 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Citigroup upped their price target on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and a consensus target price of $8.60.

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.