Key Points
- Director John Malone bought 113,704 Liberty Global shares at an average price of $10.12, investing approximately $1.15 million and increasing his direct ownership by 9.19% to 1.35 million shares.
- Liberty Global reported a quarterly loss of $0.13 per share, missing analysts’ $0.02 estimate, although revenue of $1.10 billion slightly exceeded expectations.
- Analyst sentiment remains cautious: the stock has an average “Reduce” rating and an $8.10 target price, while institutional investors own nearly 53% of the company.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 113,704 shares of the company's stock in a transaction on Monday, August 10th. The stock was bought at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the purchase, the director directly owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. This represents a 9.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.
Liberty Global Stock Performance
Liberty Global stock opened at $8.47 on Wednesday. The company has a market capitalization of $1.71 billion, a PE ratio of -17.29 and a beta of 0.71. The company has a 50 day moving average price of $7.45 and a 200-day moving average price of $7.87. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13.
Liberty Global (NASDAQ:LILAK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.15). Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion.
Institutional Investors Weigh In On Liberty Global
A number of institutional investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC grew its stake in Liberty Global by 377.3% in the first 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 shares of Liberty Global during the second quarter valued at about $30,000. Headlands Technologies LLC lifted its position in shares of Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company's stock valued at $53,000 after buying an additional 3,934 shares during the last quarter. Xponance LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at about $75,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Liberty Global by 33.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company's stock valued at $79,000 after buying an additional 3,150 shares in the last quarter. Institutional investors own 52.98% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on LILAK. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 17th. Citigroup reiterated a "neutral" rating and set a $8.00 price objective (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Finally, Wall Street Zen lowered shares of Liberty Global from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $8.10.
View Our Latest Stock Analysis on LILAK
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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