Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone purchased 6,761 shares of the company's stock in a transaction dated Friday, August 14th. The stock was purchased at an average price of $8.50 per share, for a total transaction of $57,468.50. Following the transaction, the director directly owned 185,285 shares in the company, valued at approximately $1,574,922.50. This trade represents a 3.79% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Liberty Global Stock Down 1.7%
LILAK opened at $8.30 on Wednesday. Liberty Global PLC has a twelve month low of $4.76 and a twelve month high of $9.13. The company has a fifty day moving average of $7.52 and a 200-day moving average of $7.90. The stock has a market cap of $1.63 billion, a PE ratio of -16.94 and a beta of 0.71.
Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its 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). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on LILAK shares. Wall Street Zen lowered Liberty Global from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Citigroup upped their target price on Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $8.60.
Get Our Latest Analysis on LILAK
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Liberty Global by 377.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company's stock worth $28,000 after acquiring an additional 2,479 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Liberty Global during the 2nd quarter valued at about $30,000. Headlands Technologies LLC boosted its stake in Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company's stock valued at $53,000 after purchasing an additional 3,934 shares during the last quarter. Xponance LLC bought a new stake in Liberty Global during the 4th quarter worth approximately $75,000. Finally, Tower Research Capital LLC TRC increased its holdings in Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company's stock worth $79,000 after purchasing an additional 3,150 shares in the last quarter. 52.98% of the stock is owned by institutional investors.
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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