Liberty Global PLC (NASDAQ:LILAK – Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.15 and traded as low as $7.91. Liberty Global shares last traded at $8.20, with a volume of 629,767 shares changing hands.
Analyst Ratings Changes
LILAK has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Liberty Global presently has a consensus rating of “Reduce” and a consensus price target of $8.20.
Get Our Latest Analysis on LILAK
Liberty Global Stock Performance
Liberty Global’s stock is set to split on the morning of Wednesday, June 17th. The 11-10 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Tuesday, June 16th.
Liberty Global (NASDAQ:LILAK – Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.
Insider Transactions at Liberty Global
In other news, CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone acquired 12,406,463 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 9.66% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 377.3% in the 1st 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 in the last quarter. Raymond James Financial Inc. purchased a new position in Liberty Global in the 2nd quarter valued at about $30,000. Headlands Technologies LLC lifted 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 valued at $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC purchased a new position in Liberty Global in the 4th quarter valued at about $75,000. Finally, Diversified Trust Co. purchased a new position in Liberty Global in the 4th quarter valued at about $78,000. Institutional investors and hedge funds own 52.98% of the company’s stock.
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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