Key Points
- Director John Malone purchased 36,914 shares of Liberty Global at an average price of $20.43, investing $754,153.02 and increasing his ownership by 2.73% to 1,388,040 shares.
- Liberty Global reported quarterly revenue of $1.10 billion, slightly above estimates, but posted an adjusted loss of $0.13 per share versus the expected $0.02 profit.
- Analysts maintain a cautious outlook, with two Hold ratings and one Sell rating producing a consensus “Reduce” recommendation and an average price target of $9.00; institutional investors own 52.98% of the stock.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 36,914 shares of the firm's stock in a transaction dated Wednesday, September 16th. The shares were acquired at an average cost of $20.43 per share, with a total value of $754,153.02. Following the completion of the transaction, the director owned 1,388,040 shares in the company, valued at approximately $28,357,657.20. The trade was a 2.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Liberty Global Price Performance
NASDAQ LILAK opened at $8.40 on Friday. The business's fifty day moving average is $8.22 and its 200-day moving average is $7.99. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -17.14 and a beta of 0.71. Liberty Global PLC has a one year low of $4.76 and a one year high of $9.13.
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 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on LILAK shares. Citigroup raised their price target on shares of Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 17th. Finally, UBS Group began coverage on Liberty Global in a research note on Thursday, September 3rd. They issued a "neutral" rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $9.00.
View Our Latest Analysis on Liberty Global
Institutional Investors Weigh In On Liberty Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rubric Capital Management LP lifted its holdings in Liberty Global by 44.5% during the first quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company's stock valued at $135,788,000 after purchasing an additional 4,738,495 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock worth $85,439,000 after purchasing an additional 129,952 shares in the last quarter. Fourth Sail Capital LP increased its stake in shares of Liberty Global by 22.6% in the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock worth $21,602,000 after purchasing an additional 533,221 shares in the last quarter. Alta Fundamental Advisers LLC raised its position in shares of Liberty Global by 10.8% in the fourth quarter. Alta Fundamental Advisers LLC now owns 2,053,559 shares of the company's stock valued at $15,320,000 after purchasing an additional 200,000 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Liberty Global by 3.9% in the first quarter. Empowered Funds LLC now owns 796,975 shares of the company's stock valued at $7,029,000 after purchasing an additional 29,933 shares during the period. 52.98% of the stock is currently owned by institutional investors.
About Liberty Global
(
Get Free Report)
Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. The company offers broadband internet, mobile and fixed-line voice services, video and pay-TV products, data connectivity, and business communications solutions to residential, business and government customers.
Liberty Latin America operates through brands that include Liberty, Flow, VTR and Cable & Wireless, serving markets such as Puerto Rico, Chile, Panama, Costa Rica, the Caribbean and other Latin American territories.
Further Reading
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