Insider Buying: Liberty Global (NASDAQ:LILAK) CEO Acquires $161,400.00 in Stock

Liberty Global PLC (NASDAQ:LILAK) CEO Balan Nair bought 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were acquired at an average cost of $8.07 per share, with a total value of $161,400.00. Following the purchase, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This represents a 0.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Up 0.1%

Shares of NASDAQ LILAK opened at $7.73 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.55 billion, a price-to-earnings ratio of -3.12 and a beta of 0.72. Liberty Global PLC has a 12 month low of $4.89 and a 12 month high of $9.13. The stock has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $8.07.

Liberty Global (NASDAQ:LILAK) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). The business had revenue of $1.08 billion for 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%.

Analyst Ratings Changes

LILAK has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen downgraded 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.20.

Institutional Trading of Liberty Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LILAK. Raymond James Financial Inc. acquired a new stake in Liberty Global during the 2nd quarter valued at approximately $30,000. State of Alaska Department of Revenue bought a new position in shares of Liberty Global during the 3rd quarter worth approximately $50,000. Headlands Technologies LLC boosted its holdings in shares of Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $75,000. Finally, Diversified Trust Co. bought a new position in shares of Liberty Global during the 4th quarter worth approximately $78,000. 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.