Liberty Global (NASDAQ:LILAK) Director Buys $488,000.00 in Stock

Liberty Global PLC (NASDAQ:LILAKGet Free Report) Director Brendan Paddick bought 100,000 shares of the stock in a transaction on Thursday, June 18th. The stock was purchased at an average cost of $4.88 per share, with a total value of $488,000.00. Following the purchase, the director directly owned 1,559,542 shares of the company’s stock, valued at approximately $7,610,564.96. This represents a 6.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Liberty Global Trading Up 10.9%

Shares of NASDAQ LILAK traded up $0.58 during midday trading on Tuesday, reaching $5.88. 3,346,940 shares of the stock were exchanged, compared to its average volume of 980,575. The business has a 50-day simple moving average of $7.84 and a two-hundred day simple moving average of $7.92. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2.37 and a beta of 0.71. Liberty Global PLC has a 12 month low of $4.76 and a 12 month high of $9.13. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

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

Institutional Investors Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in LILAK. Hudson Bay Capital Management LP acquired a new position in Liberty Global during the 3rd quarter worth approximately $2,110,000. Banco Santander S.A. raised its holdings in shares of Liberty Global by 899.7% in the third quarter. Banco Santander S.A. now owns 1,093,309 shares of the company’s stock valued at $9,228,000 after purchasing an additional 983,944 shares during the last quarter. Oaktree Capital Management LP lifted its position in shares of Liberty Global by 186.4% in the third quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after purchasing an additional 4,341,307 shares in the last quarter. Fourth Sail Capital LP lifted its position in shares of Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after purchasing an additional 533,221 shares in the last quarter. Finally, Alta Fundamental Advisers LLC boosted its holdings in Liberty Global by 10.8% during the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after purchasing an additional 200,000 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LILAK has been the subject of a number of research analyst reports. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Global presently has a consensus rating of “Reduce” and an average price target of $8.20.

View Our Latest Research Report on LILAK

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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