Liberty Global (NASDAQ:LILAK) Director John Malone Buys 1,319,181 Shares

Liberty Global PLC (NASDAQ:LILAKGet Free Report) Director John Malone purchased 1,319,181 shares of the stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $4.98 per share, with a total value of $6,569,521.38. Following the transaction, the director owned 21,397,127 shares in the company, valued at $106,557,692.46. This trade represents a 6.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Global Stock Up 10.9%

Shares of LILAK stock opened at $6.52 on Thursday. The stock’s 50-day simple moving average is $7.76 and its 200-day simple moving average is $7.88. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $1.31 billion, a PE ratio of -2.63 and a beta of 0.71. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13.

Liberty Global (NASDAQ:LILAKGet Free Report) last announced its quarterly earnings data 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 return on equity of 43.70% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One investment 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 target price of $8.20.

Read Our Latest Report on LILAK

Institutional Trading of Liberty Global

A number of institutional investors and hedge funds have recently made changes to their positions in LILAK. Rubric Capital Management LP lifted its position in shares of Liberty Global by 44.5% in the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after purchasing an additional 129,952 shares in the last quarter. Oaktree Capital Management LP raised its stake in Liberty Global by 186.4% in the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock valued at $56,293,000 after purchasing an additional 4,341,307 shares during the last quarter. Fourth Sail Capital LP raised 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 purchasing an additional 533,221 shares during the last quarter. Finally, Alta Fundamental Advisers LLC lifted its holdings in Liberty Global by 10.8% in the 4th quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after purchasing an additional 200,000 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

(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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Insider Buying and Selling by Quarter for Liberty Global (NASDAQ:LILAK)

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