Key Points
- Director John Malone purchased 21,013 Liberty Global shares at an average price of $8.98, investing approximately $188,697 and increasing his holdings by 1.51% to 1.41 million shares.
- Liberty Global shares opened at $8.30, with the stock up 1.0%; it has traded between $4.76 and $9.13 over the past 12 months and has a market capitalization of approximately $1.63 billion.
- The company missed quarterly earnings expectations, reporting a loss of $0.13 per share versus the $0.02 consensus estimate. Analysts maintain a cautious outlook, with an average “Reduce” rating and a $9.00 price target, while institutional investors own 52.98% of the stock.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 512 shares of the firm's stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average price of $20.45 per share, with a total value of $10,470.40. Following the acquisition, the director owned 1,411,162 shares of the company's stock, valued at $28,858,262.90. This represents a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Liberty Global Stock Up 1.0%
Shares of LILAK stock opened at $8.30 on Friday. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -16.94 and a beta of 0.70. The stock has a fifty day moving average of $8.43 and a 200 day moving average of $8.03. Liberty Global PLC has a 52 week low of $4.76 and a 52 week high of $9.13.
Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.09 billion.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. UBS Group assumed coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They set a "neutral" rating and a $9.00 price target on the stock. Citigroup raised their price objective 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 reiterated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 17th. Two 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, the company currently has a consensus rating of "Reduce" and a consensus target price of $9.00.
View Our Latest Research Report on Liberty Global
Institutional Investors Weigh In On Liberty Global
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP lifted its holdings in shares of 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 raised its stake in Liberty Global by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock valued at $85,439,000 after buying an additional 129,952 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in 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 acquiring an additional 533,221 shares in the last quarter. Alta Fundamental Advisers LLC grew its stake 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 worth $15,320,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Liberty Global by 3.9% during the first quarter. Empowered Funds LLC now owns 796,975 shares of the company's stock valued at $7,029,000 after acquiring an additional 29,933 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.
Liberty Global Company Profile
(
Get Free Report)
Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, video and fixed-line communications services. Its operations have historically focused on markets across Europe, including the United Kingdom, Belgium, Switzerland and Ireland, although the company has changed its portfolio over time through acquisitions, disposals and strategic investments.
The company offers services such as high-speed internet, mobile connectivity, television and voice communications to residential customers, as well as data, connectivity and communications solutions for businesses.
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