John Malone Acquires 1,319,181 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 1,319,181 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $4.98 per share, for a total transaction of $6,569,521.38. Following the acquisition, the director directly owned 21,397,127 shares of the company’s stock, valued at $106,557,692.46. The trade was a 6.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Liberty Global Price Performance

NASDAQ LILAK opened at $6.91 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock has a market capitalization of $1.39 billion, a PE ratio of -2.79 and a beta of 0.71. Liberty Global PLC has a 12-month low of $4.76 and a 12-month high of $9.13. The company has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $7.87.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Liberty Global

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in Liberty Global by 377.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after acquiring an additional 2,479 shares during the period. Raymond James Financial Inc. bought a new stake in Liberty Global during the second quarter valued at about $30,000. Headlands Technologies LLC boosted its holdings in Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares during the period. Xponance LLC acquired a new stake in shares of Liberty Global in the fourth quarter valued at about $75,000. Finally, Diversified Trust Co. acquired a new stake in shares of Liberty Global in the fourth quarter valued at about $78,000. 52.98% of the stock is owned by institutional investors.

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.