Liberty Global (NASDAQ:LILAK) Director John Malone Purchases 17,693 Shares

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 17,693 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of $7.00 per share, with a total value of $123,851.00. Following the purchase, the director directly owned 3,725,813 shares of the company’s stock, valued at $26,080,691. The trade was a 0.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Trading Up 7.9%

Shares of NASDAQ:LILAK opened at $7.63 on Tuesday. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The company’s 50 day moving average is $7.68 and its two-hundred day moving average is $7.85. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.54 billion, a PE ratio of -3.08 and a beta of 0.71.

Liberty Global (NASDAQ:LILAK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.15). The firm had revenue of $1.08 billion for 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its position in Liberty Global by 377.3% in 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 last quarter. Raymond James Financial Inc. acquired a new position in Liberty Global in the second quarter valued at $30,000. Headlands Technologies LLC grew its holdings in shares of Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC purchased a new position in shares of Liberty Global during the fourth quarter worth about $75,000. Finally, Diversified Trust Co. acquired a new stake in shares of Liberty Global during the fourth quarter worth about $78,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LILAK has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed 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 report on Saturday, May 9th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Global presently has an average rating of “Reduce” and an average 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.