Liberty Global (NASDAQ:LILAK) Director John Malone Purchases 400,000 Shares of Stock

Liberty Global PLC (NASDAQ:LILAKGet Free Report) Director John Malone acquired 400,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $5.92 per share, for a total transaction of $2,368,000.00. Following the acquisition, the director owned 3,371,414 shares in the company, valued at approximately $19,958,770.88. This trade represents a 13.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Global Stock Up 10.9%

Shares of LILAK opened at $6.52 on Thursday. 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 company has a 50-day simple moving average of $7.76 and a 200-day simple moving average of $7.88. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13. The firm has a market capitalization of $1.31 billion, a P/E ratio of -2.63 and a beta of 0.71.

Liberty Global (NASDAQ:LILAKGet Free Report) last released its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share 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.

Analyst Upgrades and Downgrades

LILAK has been the subject of a number of recent research reports. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note 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. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $8.20.

Get Our Latest Stock Analysis on Liberty Global

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP boosted its holdings in Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after purchasing an additional 4,738,495 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Global by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after buying an additional 129,952 shares in the last quarter. Oaktree Capital Management LP raised its holdings in shares of Liberty Global by 186.4% in the 3rd quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company’s stock worth $56,293,000 after buying 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% during the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock worth $21,602,000 after buying an additional 533,221 shares during the period. Finally, Alta Fundamental Advisers LLC lifted its position in shares of Liberty Global by 10.8% during the 4th quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock worth $15,320,000 after buying an additional 200,000 shares during the period. Institutional investors own 52.98% of the company’s stock.

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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