Liberty Global (NASDAQ:LILAK) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Liberty Global PLC (NASDAQ:LILAK) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.70 and traded as high as $8.54. Liberty Global shares last traded at $8.27, with a volume of 899,868 shares.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LILAK. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Finally, Citigroup lifted their target price on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Global has an average rating of “Reduce” and a consensus price target of $9.00.

Liberty Global Stock Up 2.5%

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.31 and a beta of 0.71. The business’s 50 day simple moving average is $7.78 and its 200-day simple moving average is $7.93.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion.

Insider Activity at Liberty Global

In related news, SVP John M. Winter bought 5,071 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $19.67 per share, with a total value of $99,746.57. Following the completion of the acquisition, the senior vice president owned 64,547 shares of the company’s stock, valued at $1,269,639.49. The trade was 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 through the SEC website. Also, Director Charles H. R. Bracken purchased 17,425 shares of Liberty Global stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $20.93 per share, for a total transaction of $364,705.25. Following the completion of the purchase, the director owned 41,192 shares in the company, valued at $862,148.56. This represents a 73.32% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 2,685,679 shares of company stock valued at $17,777,706 over the last ninety days. 9.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Corient Private Wealth LP bought a new position in Liberty Global in the second quarter valued at about $99,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Liberty Global in the 2nd quarter valued at approximately $142,000. California State Teachers Retirement System increased its position in Liberty Global by 813.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,108,844 shares of the company’s stock valued at $8,638,000 after acquiring an additional 987,401 shares during the period. Empowered Funds LLC raised its stake in shares of Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after acquiring an additional 29,933 shares during the last quarter. Finally, Cim Investment Management Inc. raised 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 acquiring an additional 25,885 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

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.