Liberty Global (NASDAQ:LILAK) Director John Malone Buys 51,832 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone bought 51,832 shares of Liberty Global stock in a transaction dated Friday, August 28th. The stock was acquired at an average cost of $8.48 per share, for a total transaction of $439,535.36. Following the completion of the acquisition, the director directly owned 237,117 shares in the company, valued at $2,010,752.16. This represents a 27.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Liberty Global Trading Down 0.9%

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

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LILAK. Citigroup lifted their price target on Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings restated 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 analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $9.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Corient Private Wealth LP bought a new stake in shares of Liberty Global during the second quarter worth $99,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Liberty Global in the second quarter valued at about $142,000. California State Teachers Retirement System boosted its holdings in Liberty Global by 813.1% in the second quarter. California State Teachers Retirement System now owns 1,108,844 shares of the company’s stock valued at $8,638,000 after acquiring an additional 987,401 shares during the last quarter. Empowered Funds LLC increased its position in Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after purchasing an additional 29,933 shares during the period. Finally, Cim Investment Management Inc. increased its position in Liberty Global by 142.3% in the first 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 during the period. 52.98% of the stock is currently owned by institutional investors.

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.