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

Liberty Global PLC (NASDAQ:LILAK) Director John Malone acquired 400,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of $5.92 per share, with a total value of $2,368,000.00. Following the transaction, the director owned 3,371,414 shares in the company, valued at $19,958,770.88. This represents a 13.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Trading Up 10.9%

LILAK stock traded up $0.64 during midday trading on Wednesday, hitting $6.52. 2,717,474 shares of the company’s stock were exchanged, compared to its average volume of 1,476,192. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. 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 cap of $1.31 billion, a PE ratio of -2.63 and a beta of 0.71. The stock’s fifty day moving average price is $7.76 and its 200-day moving average price is $7.88.

Liberty Global (NASDAQ:LILAK) last announced its quarterly earnings results 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Analysts Set New Price Targets

A number of research firms recently issued reports on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note 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. Based on data from MarketBeat.com, Liberty Global presently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Hedge Funds Weigh In On Liberty Global

A number of large investors have recently added to or reduced their stakes in LILAK. ProShare Advisors LLC raised its stake in shares of Liberty Global by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock valued at $173,000 after purchasing an additional 1,494 shares during the period. Headlands Technologies LLC boosted 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 buying an additional 2,253 shares during the period. EverSource Wealth Advisors LLC boosted 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 buying an additional 2,479 shares during the period. Legal & General Group Plc boosted its position in shares of Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock worth $985,000 after buying an additional 2,533 shares during the period. Finally, CWM LLC grew its holdings in shares of Liberty Global by 22.7% during the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after buying an additional 2,552 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Liberty Global Company Profile

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.