Brendan Paddick Buys 100,000 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director Brendan Paddick acquired 100,000 shares of Liberty Global stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. This represents a 6.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Stock Up 10.9%

Shares of LILAK opened at $6.52 on Thursday. The business’s fifty day moving average price is $7.76 and its two-hundred day moving average price is $7.88. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.63 and a beta of 0.71. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14.

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 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 for the quarter, compared to the consensus estimate of $1.09 billion.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC increased its holdings in Liberty Global by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock valued at $173,000 after purchasing an additional 1,494 shares during the last quarter. Headlands Technologies LLC lifted its stake in Liberty Global by 5.4% in the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after buying an additional 2,253 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after buying an additional 2,479 shares during the last quarter. Legal & General Group Plc boosted its holdings in Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after buying an additional 2,533 shares during the last quarter. Finally, CWM LLC grew its position in shares of Liberty Global by 22.7% during the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after buying an additional 2,552 shares during the period. 52.98% of the stock is currently owned by institutional investors.

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.