Liberty Global (NASDAQ:LILAK) Director John Malone Buys 103,328 Shares of Stock

Liberty Global PLC (NASDAQ:LILAKGet Free Report) Director John Malone purchased 103,328 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was bought at an average price of $16.97 per share, for a total transaction of $1,753,476.16. Following the acquisition, the director owned 1,335,377 shares in the company, valued at $22,661,347.69. The trade was a 8.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Stock Up 0.5%

Shares of NASDAQ LILAK opened at $8.47 on Wednesday. The stock has a market capitalization of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71. The firm has a fifty day moving average of $7.45 and a 200-day moving average of $7.87. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13.

Liberty Global (NASDAQ:LILAKGet Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Analyst Ratings Changes

LILAK has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. Citigroup reissued a “neutral” rating and set a $8.00 target price (up from $6.45) on shares of Liberty Global in a research report on Friday, July 10th. Finally, Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Global presently has an average rating of “Reduce” and an average price target of $8.10.

View Our Latest Report on LILAK

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Liberty Global by 67.3% during the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company’s stock valued at $1,233,000 after buying an additional 79,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Liberty Global by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock worth $478,000 after acquiring an additional 3,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Liberty Global by 10.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company’s stock worth $2,280,000 after acquiring an additional 35,844 shares during the period. Jane Street Group LLC grew its position in Liberty Global by 316.4% in the first quarter. Jane Street Group LLC now owns 153,799 shares of the company’s stock valued at $955,000 after acquiring an additional 116,861 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Liberty Global by 1.6% in the second quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after acquiring an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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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