Key Points
- Director John Malone bought 13,362 Liberty Global shares at an average price of $20.44, spending $273,119.28 and increasing his ownership by 0.96% to 1,402,705 shares.
- Liberty Global reported quarterly revenue of $1.10 billion, slightly above expectations, but posted an adjusted loss of $0.13 per share versus the projected $0.02 profit.
- Analysts remain cautious, with two Hold ratings and one Sell rating, producing a consensus “Reduce” rating and an average price target of $9.00; the stock recently opened at $8.39.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 1,135 shares of Liberty Global stock in a transaction dated Thursday, September 24th. The shares were bought at an average price of $20.45 per share, for a total transaction of $23,210.75. Following the completion of the transaction, the director directly owned 1,389,343 shares of the company's stock, valued at $28,412,064.35. This represents a 0.08% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Liberty Global Price Performance
Shares of Liberty Global stock opened at $8.39 on Tuesday. The firm has a market cap of $1.64 billion, a P/E ratio of -17.12 and a beta of 0.71. The firm has a 50 day simple moving average of $8.37 and a 200 day simple moving average of $8.01. 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 posted its quarterly earnings data 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 return on equity of 8.50% and a negative net margin of 2.20%.The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on LILAK. Citigroup boosted their target price on Liberty Global from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 17th. Finally, UBS Group assumed coverage on Liberty Global in a research report on Thursday, September 3rd. They issued a "neutral" rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Global presently has a consensus rating of "Reduce" and an average target price of $9.00.
Get Our Latest Research Report on LILAK
Institutional Investors Weigh In On Liberty Global
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock valued at $85,439,000 after purchasing an additional 129,952 shares during the last quarter. Rubric Capital Management LP boosted 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 worth $135,788,000 after buying an additional 4,738,495 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in Liberty Global by 22.6% during the fourth quarter. Fourth Sail Capital LP now owns 2,895,728 shares of the company's stock worth $21,602,000 after buying an additional 533,221 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Liberty Global by 383.8% during the 2nd quarter. Squarepoint Ops LLC now owns 111,243 shares of the company's stock worth $867,000 after buying an additional 88,248 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Liberty Global by 26.7% during the 1st quarter. Bank of America Corp DE now owns 467,627 shares of the company's stock worth $4,124,000 after buying an additional 98,507 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.
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.
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