John Malone Buys 51,832 Shares of Liberty Global (NASDAQ:LILAK) Stock

Liberty Global PLC (NASDAQ:LILAKGet Free Report) Director John Malone purchased 51,832 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were acquired at an average cost of $8.48 per share, with a total value of $439,535.36. Following the completion of the acquisition, the director directly owned 237,117 shares in the company, valued at $2,010,752.16. The trade was a 27.97% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liberty Global Stock Up 1.9%

Shares of LILAK opened at $8.63 on Thursday. The company 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 has a 50 day moving average price of $7.94 and a 200 day moving average price of $7.93.

Liberty Global (NASDAQ:LILAKGet Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.15). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

Institutional Investors Weigh In On Liberty Global

Several institutional investors have recently made changes to their positions in LILAK. EverSource Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Liberty Global during the second quarter worth about $30,000. Headlands Technologies LLC grew its holdings in shares of 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 period. Xponance LLC acquired a new position in shares of Liberty Global during the 4th quarter worth $75,000. Finally, Tower Research Capital LLC TRC raised its position in Liberty Global by 33.1% during the second 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on LILAK. Citigroup upped their price target on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Liberty Global has an average rating of “Reduce” and an average price target of $9.00.

View Our Latest Research Report on Liberty Global

Liberty Global Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for Liberty Global (NASDAQ:LILAK)

Receive News & Ratings for Liberty Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Global and related companies with MarketBeat.com's FREE daily email newsletter.