Liberty Global (NASDAQ:LILAK) Stock Price Down 5.1% – Time to Sell?

Liberty Global PLC (NASDAQ:LILAK) dropped 5.1% on Friday. The company traded as low as $8.34 and last traded at $8.2750. 280,408 shares changed hands during trading, a decline of 76% from the average session volume of 1,180,750 shares. The stock had previously closed at $8.72.

Analyst Ratings Changes

A number of brokerages have issued reports on LILAK. UBS Group began coverage on Liberty Global in a research report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Finally, Citigroup upped their target price on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Two 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, the company currently has a consensus rating of “Reduce” and an average price target of $9.00.

Liberty Global Stock Down 6.6%

The company has a 50-day moving average price of $8.51 and a 200-day moving average price of $8.06. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -16.65 and a beta of 0.70.

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

Insider Buying and Selling at Liberty Global

In other news, Director Charles H. R. Bracken sold 42,975 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total value of $368,295.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Angoitia Alfonso De acquired 313,104 shares of Liberty Global stock in a transaction that occurred on Wednesday, September 2nd. The stock was acquired at an average cost of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the purchase, the director owned 476,190 shares in the company, valued at approximately $9,976,180.50. This represents a 191.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 970,439 shares of company stock valued at $16,180,721. Corporate insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently modified their holdings of LILAK. Versant Capital Management Inc increased its stake in shares of 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 purchasing an additional 1,550 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Global by 377.3% during 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. Cim Investment Management Inc. raised its stake in shares of Liberty Global by 7.4% in the 2nd quarter. Cim Investment Management Inc. now owns 47,350 shares of the company’s stock valued at $369,000 after acquiring an additional 3,271 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Liberty Global by 6.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 64,453 shares of the company’s stock worth $568,000 after purchasing an additional 3,845 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in Liberty Global in the 2nd quarter worth approximately $99,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, video and fixed-line communications services. Its operations have historically focused on markets across Europe, including the United Kingdom, Belgium, Switzerland and Ireland, although the company has changed its portfolio over time through acquisitions, disposals and strategic investments.

The company offers services such as high-speed internet, mobile connectivity, television and voice communications to residential customers, as well as data, connectivity and communications solutions for businesses.