Key Points
- Liberty Global CEO Balan Nair bought 20,000 shares of LILAK at $8.07 each, totaling $161,400, increasing his direct ownership by 0.64% to 3,125,039 shares.
- The stock closed at $7.57, below both its 50-day average of $8.26 and 200-day average of $8.09, while carrying a market cap of about $1.51 billion and a relatively high debt-to-equity ratio of 6.78.
- Liberty Global recently reported a quarterly loss of $0.11 per share, missing analyst expectations, and analysts currently rate the stock Reduce on average with a price target of $8.20.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) CEO Balan Nair acquired 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the acquisition, the chief executive officer directly owned 3,125,039 shares of the company's stock, valued at $25,219,064.73. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Liberty Global Stock Performance
LILAK stock opened at $7.57 on Wednesday. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.09. The company has a market capitalization of $1.51 billion, a P/E ratio of -3.05 and a beta of 0.72. Liberty Global PLC has a 1-year low of $4.48 and a 1-year high of $9.13.
Liberty Global (NASDAQ:LILAK - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.15). The firm 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%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on LILAK shares. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Tuesday, April 21st. Wall Street Zen downgraded Liberty Global from a "buy" rating to a "hold" rating in a report on Saturday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average price target of $8.20.
Check Out Our Latest Analysis on Liberty Global
Hedge Funds Weigh In On Liberty Global
A number of large investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP raised its holdings in Liberty Global by 3.9% in the fourth quarter. Rubric Capital Management LP now owns 10,656,935 shares of the company's stock worth $79,501,000 after purchasing an additional 400,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock worth $85,439,000 after purchasing an additional 129,952 shares in the last quarter. Oaktree Capital Management LP raised its holdings in Liberty Global by 186.4% in the third quarter. Oaktree Capital Management LP now owns 6,669,823 shares of the company's stock worth $56,293,000 after purchasing an additional 4,341,307 shares in the last quarter. 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 worth $21,602,000 after purchasing an additional 533,221 shares in the last quarter. Finally, 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 worth $15,320,000 after purchasing an additional 200,000 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors.
About Liberty Global
(
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.
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