Key Points
- Director Angoitia Alfonso De bought 145,490 Liberty Global shares at an average $21.00, totaling approximately $3.06 million. He also purchased 330,700 additional shares in transactions on September 1 and 2, worth about $6.92 million combined.
- Liberty Global reported quarterly revenue of $1.10 billion, slightly above estimates, but missed earnings expectations with a loss of $0.13 per share versus the forecasted $0.02 profit.
- Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating and a $9.00 target price, while institutional investors own approximately 52.98% of the company.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director Angoitia Alfonso De purchased 17,596 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were acquired at an average cost of $20.65 per share, for a total transaction of $363,357.40. Following the completion of the acquisition, the director owned 163,086 shares of the company's stock, valued at approximately $3,367,725.90. This trade represents a 12.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Angoitia Alfonso De also recently made the following trade(s):
- On Wednesday, September 2nd, Angoitia Alfonso De acquired 313,104 shares of Liberty Global stock. The stock was acquired at an average cost of $20.95 per share, for a total transaction of $6,559,528.80.
- On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Global stock. The stock was bought at an average cost of $21.00 per share, for a total transaction of $3,055,290.00.
Liberty Global Stock Performance
Liberty Global stock opened at $8.45 on Friday. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $9.13. The company has a market capitalization of $1.66 billion, a PE ratio of -17.24 and a beta of 0.71. The company has a 50 day moving average price of $8.00 and a 200-day moving average price of $7.94.
Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.15). The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a negative net margin of 2.20% and a negative return on equity of 8.50%.
Analyst Ratings Changes
Several research firms recently issued reports on LILAK. UBS Group began coverage on Liberty Global in a research report on Thursday. They issued a "neutral" rating and a $9.00 target price on the stock. Wall Street Zen lowered Liberty Global from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Citigroup increased their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Finally, Weiss Ratings restated 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $9.00.
Check Out Our Latest Stock Report on LILAK
Hedge Funds Weigh In On Liberty Global
A number of large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Liberty Global by 377.3% in the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company's stock worth $28,000 after buying an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Liberty Global during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC boosted its stake 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 worth $53,000 after buying an additional 3,934 shares during the period. Xponance LLC acquired a new position in shares of Liberty Global in the fourth quarter valued at approximately $75,000. Finally, Tower Research Capital LLC TRC increased its stake in 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 during the period. Institutional investors and hedge funds own 52.98% of the company's stock.
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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