Liberty Global (NASDAQ:LILAK) Shares Down 6.6% – Here’s What Happened

Liberty Global PLC (NASDAQ:LILAKGet Free Report)’s stock price fell 6.6% during trading on Thursday . The company traded as low as $4.90 and last traded at $4.9050. Approximately 730,920 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 888,242 shares. The stock had previously closed at $5.25.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LILAK shares. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Read Our Latest Stock Report on Liberty Global

Liberty Global Price Performance

The stock has a market cap of $979.81 million, a price-to-earnings ratio of -1.95 and a beta of 0.71. 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’s fifty day moving average is $8.05 and its two-hundred day moving average is $8.00.

Liberty Global (NASDAQ:LILAKGet Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.

Insider Transactions at Liberty Global

In other news, Director John C. Malone bought 12,406,463 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the acquisition, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. The trade was a 141.52% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Balan Nair purchased 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently added to or reduced their stakes in LILAK. Empowered Funds LLC boosted its position in Liberty Global by 3.9% in the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock valued at $7,029,000 after buying an additional 29,933 shares during the period. Cim Investment Management Inc. raised its stake in shares of Liberty Global by 142.3% in the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after acquiring an additional 25,885 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after acquiring an additional 98,507 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 2,479 shares during the period. Finally, Rubric Capital Management LP grew its stake in Liberty Global by 44.5% during the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after purchasing an additional 4,738,495 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Company Profile

(Get Free Report)

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.

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