Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 69,454 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 69,454 shares of the business’s stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the acquisition, the director owned 306,571 shares of the company’s stock, valued at $2,605,853.50. This trade represents a 29.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liberty Global Trading Down 0.9%

NASDAQ:LILAK traded down $0.08 during trading hours on Tuesday, hitting $8.47. 914,392 shares of the company were exchanged, compared to its average volume of 1,150,460. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.29 and a beta of 0.71. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13. The company has a fifty day simple moving average of $7.84 and a 200 day simple moving average of $7.93.

Liberty Global (NASDAQ:LILAK) last issued its quarterly 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). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LILAK shares. Citigroup raised their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. 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. One investment 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 stock has an average rating of “Reduce” and an average price target of $9.00.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently added to or reduced their stakes in LILAK. ProShare Advisors LLC increased its holdings in Liberty Global by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock worth $173,000 after purchasing an additional 1,494 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of Liberty Global by 5.4% during the 4th quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock worth $328,000 after buying an additional 2,253 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 377.3% during the 1st 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 in the last quarter. Legal & General Group Plc grew its position in shares of Liberty Global by 1.6% during the 2nd 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 position in shares of Liberty Global by 22.7% during the 4th quarter. CWM LLC now owns 13,800 shares of the company’s stock worth $103,000 after buying 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.