Liberty Global PLC (NASDAQ:LILAK – Get Free Report) hit a new 52-week low on Tuesday . The company traded as low as $4.76 and last traded at $5.30, with a volume of 5054740 shares changing hands. The stock had previously closed at $4.79.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Wall Street Zen downgraded Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.20.
Get Our Latest Analysis on LILAK
Liberty Global Stock Performance
Liberty Global (NASDAQ:LILAK – Get Free Report) last released its earnings results 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 11.20% and a negative return on equity of 43.70%.
Insider Buying and Selling at Liberty Global
In other news, Director Brendan J. Paddick purchased 100,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This represents a 6.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone acquired 400,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $5.92 per share, with a total value of $2,368,000.00. Following the completion of the purchase, the director owned 3,371,414 shares of the company’s stock, valued at approximately $19,958,770.88. The trade was a 13.46% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 14,410,558 shares of company stock worth $117,655,725. 9.66% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Empowered Funds LLC grew its position in shares of Liberty Global by 3.9% in the 1st quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after buying an additional 29,933 shares during the last quarter. Cim Investment Management Inc. raised its holdings in shares of Liberty Global by 142.3% during the first quarter. Cim Investment Management Inc. now owns 44,079 shares of the company’s stock valued at $389,000 after acquiring an additional 25,885 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Liberty Global by 26.7% during the first quarter. Bank of America Corp DE now owns 467,627 shares of the company’s stock valued at $4,124,000 after acquiring an additional 98,507 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock worth $28,000 after acquiring an additional 2,479 shares during the period. Finally, Rubric Capital Management LP lifted its stake in Liberty Global by 44.5% in the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock worth $135,788,000 after acquiring an additional 4,738,495 shares during the period. Institutional investors own 52.98% of the company’s stock.
Liberty Global Company Profile
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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