Liberty Global (NASDAQ:LILAK) Director John Malone Acquires 21,013 Shares of Stock

Liberty Global PLC (NASDAQ:LILAK – Get Free Report) Director John Malone acquired 21,013 shares of Liberty Global stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the completion of the acquisition, the director owned 1,412,175 shares in the company, valued at $12,681,331.50. This trade represents a 1.51% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Liberty Global Trading Up 1.0%

NASDAQ LILAK traded up $0.08 during trading hours on Thursday, reaching $8.30. The company had a trading volume of 1,032,770 shares, compared to its average volume of 1,173,576. The stock has a market capitalization of $1.63 billion, a P/E ratio of -16.94 and a beta of 0.71. The stock has a 50-day moving average of $8.41 and a 200 day moving average of $8.02. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13.

Liberty Global (NASDAQ:LILAK – Get 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 for the quarter, compared to analyst estimates of $1.09 billion.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP boosted its stake in shares of Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company’s stock valued at $135,788,000 after buying an additional 4,738,495 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company’s stock worth $85,439,000 after buying an additional 129,952 shares during the period. Fourth Sail Capital LP raised its holdings in Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company’s stock valued at $21,602,000 after acquiring an additional 533,221 shares in the last quarter. Alta Fundamental Advisers LLC raised its holdings in Liberty Global by 10.8% in the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company’s stock valued at $15,320,000 after acquiring an additional 200,000 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company’s stock worth $7,029,000 after acquiring an additional 29,933 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

A number of research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 17th. UBS Group assumed coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective for the company. Finally, Citigroup increased their target price on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Two equities research analysts have 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 $9.00.

Read Our Latest Stock Analysis on LILAK

Liberty Global Company Profile

(Get Free Report)

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.

Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.

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