Liberty Global (NASDAQ:LILAK) Director Purchases $1,150,684.48 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 113,704 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the transaction, the director directly owned 1,351,126 shares in the company, valued at $13,673,395.12. This trade represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Liberty Global Stock Performance

Shares of NASDAQ LILAK opened at $8.43 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of -17.20 and a beta of 0.71. The firm has a 50 day moving average price of $7.48 and a 200 day moving average price of $7.88. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

Liberty Global (NASDAQ:LILAK) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Key Headlines Impacting Liberty Global

Here are the key news stories impacting Liberty Global this week:

• Positive Sentiment: Director John C. Malone made multiple purchases totaling more than 50,000 shares at approximately $8.50 per share on August 11 and August 13. The buying increased his ownership and may signal confidence in Liberty Global’s valuation and prospects. SEC insider transaction filing
• Positive Sentiment: Citigroup raised its price target for LILAK from $8.00 to $9.00, implying additional upside from the recent trading level. However, the firm maintained a neutral rating, limiting the bullish impact. Benzinga analyst update
• Neutral Sentiment: Institutional ownership remains substantial at nearly 53%, with several smaller institutions recently increasing their positions. These purchases indicate some ongoing investor interest but are not large enough, individually, to materially change the investment case. Institutional ownership and insider activity report
• Negative Sentiment: Director Charles H. R. Bracken sold 42,975 shares at an average price of $8.57, worth approximately $368,000. Although a separate filing reported a purchase of 17,425 shares, the reported purchase price of $20.93 is unusual relative to the stock’s recent market price and may reflect a different security or reporting detail. SEC director transaction filing
• Negative Sentiment: Liberty Global’s latest quarterly results showed a loss of $0.13 per share, missing the $0.02 consensus estimate, despite revenue of $1.10 billion slightly exceeding expectations. The company also reported negative net margin and return on equity, reinforcing profitability concerns. Analysts’ average rating remains “Reduce,” with an average price target of $8.10.

Analyst Upgrades and Downgrades

Several analysts recently commented on LILAK shares. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Citigroup increased their price target on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $8.60.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its position in Liberty Global by 3.9% in the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after acquiring an additional 29,933 shares in the last quarter. Cim Investment Management Inc. increased its holdings in Liberty Global by 142.3% during the 1st quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock worth $389,000 after purchasing an additional 25,885 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after purchasing an additional 98,507 shares in the last quarter. 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. Finally, Rubric Capital Management LP boosted its position in shares of Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after buying an additional 4,738,495 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.