Liberty Global PLC (NASDAQ:LILAK – Get Free Report) shares fell 5.1% during trading on Friday . The stock traded as low as $7.90 and last traded at $7.9050. 370,192 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 860,579 shares. The stock had previously closed at $8.33.
Analysts Set New Price Targets
Several brokerages have commented on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. Wall Street Zen cut shares of 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 company. Based on data from MarketBeat, Liberty Global has a consensus rating of “Reduce” and a consensus target price of $8.20.
Check Out Our Latest Research Report on Liberty Global
Liberty Global Stock Performance
Liberty Global shares are going to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly issued shares will be payable to shareholders after the market closes on Sunday, May 31st.
Liberty Global (NASDAQ:LILAK – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.
Insider Activity
In other Liberty Global news, CEO Balan Nair purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the acquisition, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This represents a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.66% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of Liberty Global by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 23,186 shares of the company’s stock valued at $173,000 after buying an additional 1,494 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Liberty Global by 5.4% in the fourth quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after buying an additional 2,253 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after buying an additional 2,479 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of 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 buying an additional 2,533 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Liberty Global by 22.7% in the fourth quarter. CWM LLC now owns 13,800 shares of the company’s stock valued at $103,000 after buying an additional 2,552 shares during the last quarter. 52.98% of the stock is owned by institutional investors.
About Liberty Global
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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