Liberty Global (NASDAQ:LILAK) Trading 5.2% Higher – Here’s Why

Liberty Global PLC (NASDAQ:LILAKGet Free Report) traded up 5.2% on Tuesday . The stock traded as high as $7.71 and last traded at $7.7830. Approximately 86,101 shares traded hands during trading, a decline of 92% from the average daily volume of 1,069,260 shares. The stock had previously closed at $7.40.

Analyst Ratings Changes

LILAK has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $8.20.

Get Our Latest Stock Analysis on Liberty Global

Liberty Global Trading Up 1.1%

The stock has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $7.82. The firm has a market cap of $1.51 billion, a PE ratio of -3.02 and a beta of 0.72.

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 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 during the quarter, compared to analysts’ expectations of $1.09 billion.

Insiders Place Their Bets

In other news, SVP John M. Winter bought 5,071 shares of the stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the purchase, the senior vice president directly owned 64,547 shares of the company’s stock, valued at $1,269,639.49. This trade represents a 8.53% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brendan J. Paddick purchased 100,000 shares of the business’s 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 completion of the acquisition, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 14,820,228 shares of company stock worth $121,249,631. Company insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Liberty Global in the second quarter valued at approximately $30,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after purchasing an additional 3,934 shares in the last quarter. Xponance LLC bought a new stake in Liberty Global during the fourth quarter valued at approximately $75,000. Finally, Diversified Trust Co. purchased a new position in Liberty Global in the 4th quarter worth approximately $78,000. 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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