Liberty Global (NASDAQ:LILAK) Hits New 12-Month Low – Time to Sell?

Liberty Global PLC (NASDAQ:LILAK) reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.76 and last traded at $5.30, with a volume of 5054740 shares. The stock had previously closed at $4.79.

Wall Street Analysts Forecast Growth

LILAK has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $8.20.

Liberty Global Stock Up 10.6%

The firm’s 50-day moving average price is $7.84 and its two-hundred day moving average price is $7.92. 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 firm has a market cap of $1.07 billion, a PE ratio of -2.14 and a beta of 0.71.

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). Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake 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 buying an additional 1,494 shares during the last quarter. Headlands Technologies LLC grew its position in shares of Liberty Global by 5.4% during the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock worth $328,000 after acquiring an additional 2,253 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 acquiring an additional 2,479 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after acquiring an additional 2,533 shares during the period. Finally, CWM LLC increased its holdings in shares of Liberty Global by 22.7% in the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after acquiring an additional 2,552 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.