Key Points
- Director John Malone bought 28,219 Liberty Global shares at an average price of $8.50, investing approximately $239,862 and increasing his ownership by 18.77% to 178,524 shares.
- Liberty Global reported a quarterly loss of $0.13 per share, missing estimates by $0.15, while revenue of $1.10 billion slightly exceeded expectations.
- Analyst sentiment remains cautious: Citigroup raised its price target to $9 but kept a neutral rating, while the overall consensus is “Reduce” with an average target of $8.60.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 22,477 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $8.50 per share, with a total value of $191,054.50. Following the completion of the purchase, the director directly owned 150,305 shares of the company's stock, valued at $1,277,592.50. This represents a 17.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Liberty Global Price Performance
Shares of Liberty Global stock opened at $8.43 on Friday. Liberty Global PLC has a 52-week low of $4.76 and a 52-week high of $9.13. The firm has a market capitalization of $1.70 billion, a PE ratio of -17.20 and a beta of 0.71. The company's fifty day moving average price is $7.48 and its two-hundred day moving average price is $7.88.
Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.
Liberty Global News Summary
Here are the key news stories impacting Liberty Global this week:
- Positive Sentiment: Director John C. Malone purchased 28,219 shares at an average of $8.50, increasing his direct ownership by 18.77%. He also bought 22,477 shares at the same price on August 11, representing a 17.58% increase in his holdings. These purchases can signal insider confidence in Liberty Global’s valuation and prospects. SEC insider trading filing
- Positive Sentiment: Citigroup raised its price target for Liberty Global from $8.00 to $9.00, implying additional upside from the reported reference price. However, Citi maintained a “neutral” rating, indicating that the target increase is a modest valuation adjustment rather than a strongly bullish call. Benzinga analyst price target report
- Neutral Sentiment: Director Charles H. R. Bracken reportedly bought 17,425 shares, increasing his position by 73.32%. The filing lists an average purchase price of $20.93, which is materially above the stock level referenced elsewhere and may reflect a reporting or data anomaly, so investors should verify the SEC filing before drawing conclusions. SEC insider trading filing
- Negative Sentiment: Bracken also sold 42,975 shares at an average price of $8.57 for approximately $368,296. The sale partially offsets the positive impact of the insider purchases, although the filing does not establish whether it reflects a change in his long-term outlook. SEC insider trading filing
Institutional Investors Weigh In On Liberty Global
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LILAK. Rubric Capital Management LP acquired a new position in Liberty Global during the 3rd quarter worth $86,569,000. Sculptor Capital LP acquired a new stake in shares of Liberty Global in the 2nd quarter valued at $3,627,000. Fourth Sail Capital LP increased its stake in shares of Liberty Global by 22.6% in the 4th quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock valued at $21,602,000 after buying an additional 533,221 shares during the period. First Trust Advisors LP raised its position in shares of Liberty Global by 253.1% during the fourth quarter. First Trust Advisors LP now owns 678,043 shares of the company's stock worth $5,058,000 after acquiring an additional 486,022 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Liberty Global by 71.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company's stock worth $8,539,000 after acquiring an additional 475,880 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Analysts Set New Price Targets
LILAK has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 17th. Citigroup upped their target price on shares of Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, Wall Street Zen cut shares of Liberty Global from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $8.60.
View Our Latest Stock Analysis on Liberty Global
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
