Liberty Global (NASDAQ:LILAK) Stock Breaks Above Two Hundred Day Moving Average – Should You Sell?

Shares of Liberty Global PLC (NASDAQ:LILAK) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $8.01 and traded as high as $8.06. Liberty Global shares last traded at $8.04, with a volume of 1,707,020 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Citigroup raised their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Finally, UBS Group started coverage on Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global currently has an average rating of “Reduce” and an average target price of $9.00.

Liberty Global Trading Up 1.3%

The company has a market cap of $1.64 billion, a price-to-earnings ratio of -17.10 and a beta of 0.70. The business’s 50 day moving average price is $8.41 and its 200-day moving average price is $8.02.

Liberty Global (NASDAQ:LILAK) last released its quarterly 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). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Insider Activity

In related news, Director Angoitia Alfonso De bought 313,104 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was purchased at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the transaction, the director owned 476,190 shares in the company, valued at $9,976,180.50. The trade was a 191.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone acquired 21,013 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $8.98 per share, with a total value of $188,696.74. Following the transaction, the director directly owned 1,412,175 shares of the company’s stock, valued at $12,681,331.50. This trade represents a 1.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 970,439 shares of company stock valued at $16,180,721 in the last quarter. Corporate insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Liberty Global by 94.0% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 35,300 shares of the company’s stock valued at $290,000 after buying an additional 17,100 shares in the last quarter. VestGen Advisors LLC grew its position in shares of Liberty Global by 16.7% in the 3rd quarter. VestGen Advisors LLC now owns 17,417 shares of the company’s stock valued at $143,000 after buying an additional 2,497 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Liberty Global by 16.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 40,231 shares of the company’s stock valued at $331,000 after acquiring an additional 5,785 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Liberty Global by 172.1% in the 3rd quarter. Sterling Capital Management LLC now owns 3,521 shares of the company’s stock valued at $29,000 after purchasing an additional 2,227 shares during the last quarter. Finally, Axxcess Wealth Management LLC bought a new stake in Liberty Global during the third quarter valued at $239,000. 52.98% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.