Key Points
- Director John Malone purchased 51,832 Liberty Global shares at an average of $8.48 each, investing approximately $439,535 and increasing his direct stake by 27.97% to 237,117 shares.
- Liberty Global shares opened at $8.47, near the $9.13 52-week high, while institutional investors own 52.98% of the company’s stock.
- The company recently missed quarterly EPS expectations, reporting a loss of $0.13 per share versus the $0.02 consensus estimate. Analysts maintain a generally cautious outlook, with an average “Reduce” rating and a $9.00 price target.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 51,832 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were bought at an average price of $8.48 per share, with a total value of $439,535.36. Following the completion of the transaction, the director directly owned 237,117 shares in the company, valued at approximately $2,010,752.16. This trade represents a 27.97% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Liberty Global Price Performance
Shares of NASDAQ:LILAK opened at $8.47 on Wednesday. The firm's 50 day simple moving average is $7.90 and its 200 day simple moving average is $7.93. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.29 and a beta of 0.71. 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 announced 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). Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its holdings in Liberty Global by 67.3% in the 1st quarter. AQR Capital Management LLC now owns 198,628 shares of the company's stock valued at $1,233,000 after acquiring an additional 79,917 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Liberty Global by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company's stock valued at $478,000 after acquiring an additional 3,234 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Liberty Global by 10.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 367,176 shares of the company's stock valued at $2,280,000 after acquiring an additional 35,844 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Liberty Global by 316.4% in the first quarter. Jane Street Group LLC now owns 153,799 shares of the company's stock valued at $955,000 after acquiring an additional 116,861 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Liberty Global by 1.6% during the second quarter. Legal & General Group Plc now owns 158,315 shares of the company's stock worth $985,000 after acquiring an additional 2,533 shares during the period. Institutional investors and hedge funds own 52.98% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented 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 boosted their price target on Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Liberty Global presently has an average rating of "Reduce" and an average price target of $9.00.
Read Our Latest Research Report 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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