Liberty Global (NASDAQ:LILAK) Stock: Insider Brian Zook Sells 27,611 Shares

Liberty Global PLC (NASDAQ:LILAK) CAO Brian Zook sold 27,611 shares of the firm’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total value of $274,729.45. Following the sale, the chief accounting officer owned 6,813 shares in the company, valued at $67,789.35. The trade was a 80.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Price Performance

LILAK stock traded up $0.09 during mid-day trading on Friday, hitting $9.86. 3,422,817 shares of the stock were exchanged, compared to its average volume of 1,848,116. The business has a fifty day moving average price of $8.57 and a 200 day moving average price of $8.11. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $10.42. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of -10.60 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.

Analyst Upgrades and Downgrades

LILAK has been the subject of several research reports. UBS Group initiated coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price for the company. Citigroup lifted their price target on shares of Liberty Global from $9.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $10.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LILAK. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Global by 377.3% in the 1st 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 during the last quarter. Sterling Capital Management LLC grew its position in Liberty Global by 172.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,521 shares of the company’s stock worth $29,000 after acquiring an additional 2,227 shares during the last quarter. Global Retirement Partners LLC grew its position in Liberty Global by 53.3% during the 3rd quarter. Global Retirement Partners LLC now owns 4,217 shares of the company’s stock worth $35,000 after acquiring an additional 1,467 shares during the last quarter. Versant Capital Management Inc grew its position in Liberty Global by 50.8% during the 3rd quarter. Versant Capital Management Inc now owns 4,604 shares of the company’s stock worth $38,000 after acquiring an additional 1,550 shares during the last quarter. Finally, Fortitude Family Office LLC purchased a new position in Liberty Global in the 3rd quarter worth approximately $45,000. 52.98% of the stock is owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.