Key Points
- Director John Malone purchased 7,960 Liberty Global shares at an average price of $20.08, spending about $159,837. After the transaction, he owned roughly 2.31 million shares.
- Liberty Global reported a quarterly loss of $0.42 per share, missing the $0.01 loss analysts expected; revenue of $1.12 billion also fell short of estimates.
- Analyst sentiment was cautious: two analysts rated the stock Hold and one rated it Sell, giving it a consensus “Reduce” rating and an average price target of $9.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) Director John Malone bought 7,960 shares of Liberty Global stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $20.08 per share, with a total value of $159,836.80. Following the completion of the transaction, the director owned 2,313,637 shares of the company's stock, valued at $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Liberty Global Price Performance
LILAK opened at $9.97 on Wednesday. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $10.18. The firm's fifty day moving average price is $8.49 and its two-hundred day moving average price is $8.08. The company has a market capitalization of $1.95 billion, a P/E ratio of -10.72 and a beta of 0.75.
Liberty Global (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.41). Liberty Global had a negative net margin of 3.86% and a negative return on equity of 8.50%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion.
Institutional Trading of Liberty Global
Several institutional investors have recently bought and sold shares of LILAK. Landscape Capital Management L.L.C. acquired a new position in Liberty Global during the third quarter worth $763,000. Global Retirement Partners LLC lifted its holdings in shares of Liberty Global by 53.3% during the third quarter. Global Retirement Partners LLC now owns 4,217 shares of the company's stock valued at $35,000 after acquiring an additional 1,467 shares during the period. Parallel Advisors LLC boosted its stake in shares of Liberty Global by 23.5% in the 3rd quarter. Parallel Advisors LLC now owns 10,559 shares of the company's stock valued at $87,000 after purchasing an additional 2,012 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Liberty Global by 94.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 35,300 shares of the company's stock valued at $290,000 after purchasing an additional 17,100 shares in the last quarter. Finally, VestGen Advisors LLC boosted its stake in shares of Liberty Global by 16.7% in the 3rd quarter. VestGen Advisors LLC now owns 17,417 shares of the company's stock valued at $143,000 after purchasing an additional 2,497 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on LILAK. Citigroup upped their target price on shares of Liberty Global from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. UBS Group initiated coverage on shares of Liberty Global in a research note on Thursday, September 3rd. They set a "neutral" rating and a $9.00 price target for the company. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $9.00.
Check Out Our Latest Research Report on LILAK
About Liberty Global
(
Get Free Report)
Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.
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