John Malone Acquires 103,328 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 103,328 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were purchased at an average cost of $16.97 per share, with a total value of $1,753,476.16. Following the purchase, the director directly owned 1,335,377 shares of the company’s stock, valued at approximately $22,661,347.69. This represents a 8.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Up 0.5%

Liberty Global stock traded up $0.04 during midday trading on Tuesday, hitting $8.47. The company’s stock had a trading volume of 1,013,183 shares, compared to its average volume of 1,122,645. The stock’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.87. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The company has a market capitalization of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71.

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

Analyst Ratings Changes

A number of analysts recently weighed in on LILAK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Citigroup reiterated a “neutral” rating and set a $8.00 price objective (up from $6.45) on shares of Liberty Global in a research report on Friday, July 10th. Finally, Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $8.10.

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its stake in Liberty Global by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock valued at $173,000 after buying an additional 1,494 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Liberty Global by 5.4% in the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock worth $328,000 after acquiring an additional 2,253 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 acquiring an additional 2,479 shares during the period. Legal & General Group Plc raised its holdings in shares of Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after acquiring an additional 2,533 shares during the period. Finally, CWM LLC raised its holdings in shares of Liberty Global by 22.7% during the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after acquiring an additional 2,552 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Company Profile

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.