Balan Nair Acquires 164,914 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair acquired 164,914 shares of the stock in a transaction dated Thursday, June 18th. The shares were bought at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the completion of the purchase, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair acquired 20,000 shares of Liberty Global stock. The shares were bought at an average cost of $8.07 per share, for a total transaction of $161,400.00.

Liberty Global Price Performance

NASDAQ LILAK opened at $6.52 on Thursday. 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 stock’s fifty day moving average price is $7.76 and its 200 day moving average price is $7.88. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -2.63 and a beta of 0.71.

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

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently made changes to their positions in LILAK. AQR Capital Management LLC lifted its stake in shares of Liberty Global by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock valued at $1,233,000 after purchasing an additional 79,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Liberty Global by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after buying an additional 3,234 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Liberty Global by 10.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock valued at $2,280,000 after buying an additional 35,844 shares during the period. Jane Street Group LLC grew its position in Liberty Global by 316.4% during the first quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock valued at $955,000 after buying an additional 116,861 shares during the period. Finally, Legal & General Group Plc increased its holdings in Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after buying an additional 2,533 shares in the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.