Key Points
- Director John Malone bought 12,406,463 shares of Liberty Global (NASDAQ:LILAK) at an average price of $8.63, a transaction worth about $107.1 million. After the purchase, his direct ownership rose to 21,173,018 shares, a 141.52% increase.
- Liberty Global shares were down about 1.7% and recently traded around $8.01, near their 52-week high of $9.13. The company also has a relatively high debt-to-equity ratio of 6.78.
- The company recently reported quarterly earnings of -$0.11 per share, missing analyst expectations, and revenue of $1.08 billion versus $1.09 billion expected. Analysts currently have an average rating of “Reduce” with a consensus price target of $8.20.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 12,406,463 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the purchase, the director directly owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Liberty Global Stock Down 1.7%
LILAK opened at $8.01 on Thursday. Liberty Global PLC has a fifty-two week low of $4.89 and a fifty-two week high of $9.13. The business has a 50-day moving average of $8.25 and a 200-day moving average of $8.06. 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 company has a market capitalization of $1.61 billion, a PE ratio of -3.23 and a beta of 0.72.
Liberty Global shares are scheduled to split on Monday, June 1st. The 11-10 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Sunday, May 31st.
Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion.
Institutional Trading of Liberty Global
Institutional investors and hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH lifted its stake in shares of Liberty Global by 24.5% in the third quarter. Allianz Asset Management GmbH now owns 1,287,750 shares of the company's stock worth $10,869,000 after buying an additional 253,169 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Liberty Global in the third quarter worth $2,110,000. Banco Santander S.A. lifted its stake in shares of Liberty Global by 899.7% in the third quarter. Banco Santander S.A. now owns 1,093,309 shares of the company's stock worth $9,228,000 after buying an additional 983,944 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Liberty Global in the third quarter worth $760,000. Finally, Oaktree Capital Management LP lifted its stake in shares of 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 buying an additional 4,341,307 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the stock. Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings reiterated 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $8.20.
Read Our Latest Report on LILAK
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.
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