Liberty Global PLC (NASDAQ:LILAK – Get Free Report) Director John Malone bought 69,454 shares of the stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $8.50 per share, with a total value of $590,359.00. Following the completion of the acquisition, the director owned 306,571 shares of the company’s stock, valued at $2,605,853.50. This represents a 29.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Liberty Global Stock Performance
Liberty Global stock opened at $8.63 on Thursday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -17.61 and a beta of 0.71. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13. The stock’s 50 day moving average price is $7.94 and its two-hundred day moving average price is $7.93.
Liberty Global (NASDAQ:LILAK – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on LILAK
Institutional Investors Weigh In On Liberty Global
Several hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its stake in Liberty Global by 377.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after purchasing an additional 2,479 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Liberty Global in the 2nd quarter valued at $30,000. Headlands Technologies LLC lifted its stake in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after acquiring an additional 3,934 shares in the last quarter. Xponance LLC bought a new position in Liberty Global during the 4th quarter valued at $75,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after acquiring an additional 3,150 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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