Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 7,960 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK) Director John Malone purchased 7,960 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were acquired at an average price of $20.08 per share, for a total transaction of $159,836.80. Following the acquisition, the director directly owned 2,313,637 shares in the company, valued at $46,457,830.96. This represents a 0.35% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Global Trading Up 6.7%

LILAK stock opened at $9.97 on Wednesday. Liberty Global PLC has a 1 year low of $4.76 and a 1 year high of $10.18. The company has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $8.08. The firm has a market cap of $1.95 billion, a PE ratio of -10.72 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after acquiring an additional 2,479 shares during the period. Sterling Capital Management LLC raised its holdings in Liberty Global by 172.1% in the 3rd quarter. Sterling Capital Management LLC now owns 3,521 shares of the company’s stock valued at $29,000 after acquiring an additional 2,227 shares in the last quarter. Global Retirement Partners LLC raised its holdings in Liberty Global by 53.3% in the 3rd quarter. Global Retirement Partners LLC now owns 4,217 shares of the company’s stock valued at $35,000 after acquiring an additional 1,467 shares in the last quarter. Versant Capital Management Inc raised its holdings in Liberty Global by 50.8% in the 3rd quarter. Versant Capital Management Inc now owns 4,604 shares of the company’s stock valued at $38,000 after acquiring an additional 1,550 shares in the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Liberty Global in the 3rd quarter worth approximately $45,000. 52.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LILAK. UBS Group started coverage on Liberty Global in a research note on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target for the company. Citigroup raised their price objective on Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 15th. 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 MarketBeat, Liberty Global has an average rating of “Reduce” and a consensus price target of $9.00.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.