Insider Buying: Liberty Global (NASDAQ:LILAK) Director Purchases 7,945 Shares of Company Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 7,945 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of $20.43 per share, for a total transaction of $162,316.35. Following the purchase, the director owned 1,410,650 shares of the company’s stock, valued at $28,819,579.50. This represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Stock Performance

NASDAQ LILAK traded down $0.10 on Monday, reaching $8.39. 881,026 shares of the stock traded hands, compared to its average volume of 1,169,212. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -17.12 and a beta of 0.71. The company has a fifty day moving average price of $8.34 and a 200-day moving average price of $8.01.

Liberty Global (NASDAQ:LILAK) last announced its quarterly 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). The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LILAK. UBS Group initiated coverage on shares of Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price target for the company. Citigroup lifted their price objective 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.00.

Hedge Funds Weigh In On Liberty Global

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 2,479 shares during the last quarter. Corient Private Wealth LP purchased a new position in shares of Liberty Global in the 2nd quarter worth approximately $99,000. AXQ Capital LP bought a new position in shares of Liberty Global during the 4th quarter worth approximately $108,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Liberty Global during the 2nd quarter worth approximately $142,000. Finally, Jefferies Financial Group Inc. purchased a new stake in Liberty Global during the fourth quarter valued at approximately $152,000. 52.98% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.