Liberty Global (NASDAQ:LILAK) CEO Balan Nair Acquires 20,000 Shares

Liberty Global PLC (NASDAQ:LILAKGet Free Report) CEO Balan Nair bought 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the purchase, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Stock Performance

LILAK traded down $0.31 during trading on Tuesday, hitting $7.57. The company’s stock had a trading volume of 706,711 shares, compared to its average volume of 874,359. Liberty Global PLC has a one year low of $4.48 and a one year high of $9.13. The business’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $8.09. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The firm has a market cap of $1.51 billion, a PE ratio of -3.05 and a beta of 0.72.

Liberty Global (NASDAQ:LILAKGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Institutional Trading of Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global during the second quarter worth $30,000. State of Alaska Department of Revenue acquired a new position in shares of Liberty Global in the 3rd quarter valued at $50,000. Headlands Technologies LLC raised its stake in Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after acquiring an additional 3,934 shares during the last quarter. Xponance LLC purchased a new position in Liberty Global in the 4th quarter worth $75,000. Finally, Diversified Trust Co. acquired a new stake in Liberty Global during the 4th quarter worth about $78,000. 52.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LILAK has been the topic of a number of analyst reports. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated 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.com, the stock has a consensus rating of “Reduce” and an average price target of $8.20.

Read Our Latest Report on LILAK

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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