Walleye Capital LLC Sells 77,482 Shares of Liberty Global PLC $LILAK

Walleye Capital LLC reduced its position in Liberty Global PLC (NASDAQ:LILAK) by 41.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,029 shares of the company’s stock after selling 77,482 shares during the quarter. Walleye Capital LLC owned about 0.05% of Liberty Global worth $953,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LILAK. Raymond James Financial Inc. bought a new position in Liberty Global in the second quarter valued at approximately $30,000. Headlands Technologies LLC lifted its stake in 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 acquired a new stake in shares of Liberty Global in the 4th quarter valued at $75,000. Diversified Trust Co. bought a new position in shares of Liberty Global in the 4th quarter valued at $78,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after buying an additional 3,150 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Up 0.7%

NASDAQ LILAK opened at $7.43 on Friday. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -3.00 and a beta of 0.72. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The business’s fifty day moving average is $7.39 and its 200 day moving average is $7.79.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). The firm had revenue of $1.08 billion during 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 Transactions at Liberty Global

In other Liberty Global news, Director Brendan J. Paddick acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 1,559,542 shares in the company, valued at $7,610,564.96. This represents a 6.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Malone bought 12,406,463 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 14,820,228 shares of company stock worth $121,249,631. 9.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on LILAK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup reissued a “neutral” rating and issued a $8.00 target price (up from $6.45) on shares of Liberty Global in a report on Friday, July 10th. Finally, Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and an average price target of $8.10.

Liberty Global 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.