Insider Buying: Liberty Global (NASDAQ:LILAK) CEO Buys $1,001,027.98 in Stock

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair purchased 164,914 shares of Liberty Global stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $6.07 per share, for a total transaction of $1,001,027.98. Following the purchase, the chief executive officer directly owned 3,276,798 shares in the company, valued at $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair acquired 20,000 shares of Liberty Global stock. The stock was bought at an average cost of $8.07 per share, with a total value of $161,400.00.

Liberty Global Price Performance

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

Liberty Global (NASDAQ:LILAK) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%.

Hedge Funds Weigh In On Liberty Global

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of Liberty Global by 377.3% in the 1st 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 in the last quarter. Raymond James Financial Inc. bought a new stake in Liberty Global during the second quarter valued at about $30,000. Headlands Technologies LLC grew its stake in Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC purchased a new position in Liberty Global in the fourth quarter valued at about $75,000. Finally, Diversified Trust Co. bought a new position in Liberty Global in the fourth quarter worth about $78,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research 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, the company 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.