Liberty Global (NASDAQ:LILAK) Director Purchases $363,357.40 in Stock

Liberty Global PLC (NASDAQ:LILAK) Director Angoitia Alfonso De bought 17,596 shares of Liberty Global stock in a transaction dated Tuesday, September 1st. The stock was purchased at an average price of $20.65 per share, for a total transaction of $363,357.40. Following the purchase, the director directly owned 163,086 shares in the company, valued at $3,367,725.90. This represents a 12.09% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De bought 313,104 shares of Liberty Global stock. The stock was purchased at an average cost of $20.95 per share, for a total transaction of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De bought 145,490 shares of Liberty Global stock. The shares were purchased at an average price of $21.00 per share, with a total value of $3,055,290.00.

Liberty Global Stock Down 2.6%

NASDAQ:LILAK traded down $0.23 on Friday, reaching $8.45. The stock had a trading volume of 987,912 shares, compared to its average volume of 1,375,265. The company has a market capitalization of $1.66 billion, a P/E ratio of -17.24 and a beta of 0.71. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13. The stock has a fifty day moving average price of $8.00 and a 200-day moving average price of $7.94.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup upped their price objective on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. UBS Group assumed coverage on Liberty Global in a research note on Thursday. They issued a “neutral” rating and a $9.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $9.00.

Hedge Funds Weigh In On Liberty Global

Hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP acquired a new position in shares of Liberty Global in the third quarter valued at $86,569,000. California State Teachers Retirement System boosted its holdings in shares of Liberty Global by 813.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,108,844 shares of the company’s stock worth $8,638,000 after buying an additional 987,401 shares during the period. Sculptor Capital LP acquired a new position in Liberty Global in the 2nd quarter valued at about $3,627,000. Fourth Sail Capital LP grew its stake in Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after buying an additional 533,221 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Liberty Global by 253.1% in the 4th quarter. First Trust Advisors LP now owns 678,043 shares of the company’s stock valued at $5,058,000 after acquiring an additional 486,022 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Company 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.