John Malone Buys 400,000 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 400,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $5.92 per share, with a total value of $2,368,000.00. Following the transaction, the director owned 3,371,414 shares of the company’s stock, valued at approximately $19,958,770.88. The trade was a 13.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Liberty Global Stock Performance

Shares of LILAK opened at $6.91 on Friday. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.79 and a beta of 0.71. The company’s 50 day simple moving average is $7.73 and its 200 day simple moving average is $7.87. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $9.13.

Liberty Global (NASDAQ:LILAK) last released its 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented 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 reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global in the second quarter worth $30,000. Headlands Technologies LLC increased its position in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after acquiring an additional 3,934 shares in the last quarter. Xponance LLC purchased a new position in shares of Liberty Global in the 4th quarter valued at $75,000. Finally, Diversified Trust Co. purchased a new position in shares of Liberty Global in the 4th quarter valued at $78,000. 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.