Liberty Global (NASDAQ:LILAK) Shares Climb 4.9% on Insider Buying Activity

Liberty Global PLC (NASDAQ:LILAK)’s share price was up 4.9% during mid-day trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as $9.78 and last traded at $9.8010. Approximately 880,729 shares changed hands during mid-day trading, a decline of 29% from the average daily volume of 1,247,392 shares. The stock had previously closed at $9.34.

Specifically, Director John Malone bought 3,057 shares of Liberty Global stock in a transaction dated Friday, November 6th. The shares were bought at an average cost of $20.08 per share, with a total value of $61,384.56. Following the acquisition, the director owned 3,057 shares in the company, valued at $61,384.56. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Malone acquired 7,960 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average cost of $20.08 per share, with a total value of $159,836.80. Following the transaction, the director directly owned 2,313,637 shares of the company’s stock, valued at $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. UBS Group assumed coverage on shares of Liberty Global in a report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price target for the company. Finally, Citigroup increased their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $9.00.

Liberty Global Trading Down 5.8%

The business’s 50 day moving average price is $8.52 and its two-hundred day moving average price is $8.09. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -10.45 and a beta of 0.75.

Liberty Global (NASDAQ:LILAK) last released 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). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. 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 valued at $28,000 after acquiring an additional 2,479 shares in the last quarter. Sterling Capital Management LLC increased 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 worth $29,000 after purchasing an additional 2,227 shares in the last quarter. Global Retirement Partners LLC raised its position in Liberty Global by 53.3% in the third quarter. Global Retirement Partners LLC now owns 4,217 shares of the company’s stock valued at $35,000 after purchasing an additional 1,467 shares during the last quarter. Versant Capital Management Inc raised its position in Liberty Global by 50.8% in the third quarter. Versant Capital Management Inc now owns 4,604 shares of the company’s stock valued at $38,000 after purchasing an additional 1,550 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in Liberty Global in the third quarter valued at about $45,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.