Liberty Global (NASDAQ:LILAK) Sets New 12-Month Low – Here’s What Happened

Liberty Global PLC (NASDAQ:LILAK) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $5.35 and last traded at $5.4090, with a volume of 138770 shares changing hands. The stock had previously closed at $7.79.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Liberty Global Stock Down 31.5%

The firm’s 50 day simple moving average is $8.12 and its 200-day simple moving average is $8.03. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -2.15 and a beta of 0.71. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

Liberty Global (NASDAQ:LILAK) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm 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%.

Insider Activity at Liberty Global

In other news, Director John C. Malone acquired 12,406,463 shares of Liberty Global stock in a transaction on Friday, May 22nd. The stock was bought at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the purchase, the director owned 21,173,018 shares in the company, valued at $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the acquisition, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Global

A number of large investors have recently bought and sold shares of the business. Empowered Funds LLC increased its stake in Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after purchasing an additional 29,933 shares during the period. Cim Investment Management Inc. boosted its stake in shares of Liberty Global by 142.3% during the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock worth $389,000 after buying an additional 25,885 shares during the period. Bank of America Corp DE grew its holdings in shares of Liberty Global by 26.7% during the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock worth $4,124,000 after buying an additional 98,507 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of 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. Finally, Rubric Capital Management LP increased its position in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after acquiring an additional 4,738,495 shares during the period. Institutional investors and hedge funds 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.