John Malone Buys 336,706 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 336,706 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $6.96 per share, for a total transaction of $2,343,473.76. Following the completion of the transaction, the director owned 3,708,120 shares of the company’s stock, valued at approximately $25,808,515.20. This trade represents a 9.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liberty Global Trading Up 7.9%

Shares of NASDAQ:LILAK traded up $0.56 during trading on Monday, hitting $7.63. The company had a trading volume of 2,347,174 shares, compared to its average volume of 1,049,591. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -3.08 and a beta of 0.71. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $7.86. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Liberty Global currently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Hedge Funds Weigh In On Liberty Global

Large investors have recently bought and sold shares of the business. Empowered Funds LLC grew its position in Liberty Global by 3.9% in the 1st 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. Cim Investment Management Inc. lifted its holdings in Liberty Global by 142.3% during the 1st quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after buying an additional 25,885 shares in the last quarter. Bank of America Corp DE lifted its holdings in Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after buying an additional 98,507 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 2,479 shares during the period. Finally, Rubric Capital Management LP grew its stake in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.