Key Points
- Liberty Global’s chief accounting officer Brian Zook sold 27,611 shares for about $274,729 at an average price of $9.95, reducing his stake by 80.21% to 6,813 shares.
- The company reported a quarterly loss of $0.42 per share, missing analysts’ estimate of a $0.01 loss; revenue of $1.12 billion also came in below expectations.
- Analyst sentiment was cautious: MarketBeat reported an average “Reduce” rating and a $10 consensus price target, while the stock traded at $9.86.
Liberty Global PLC (NASDAQ:LILAK - Get Free Report) CAO Brian Zook sold 27,611 shares of the company's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total value of $274,729.45. Following the completion of the sale, the chief accounting officer owned 6,813 shares of the company's stock, valued at $67,789.35. This represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Liberty Global Stock Performance
NASDAQ:LILAK traded up $0.09 during mid-day trading on Friday, hitting $9.86. The company had a trading volume of 3,422,817 shares, compared to its average volume of 1,848,116. Liberty Global PLC has a fifty-two week low of $4.76 and a fifty-two week high of $10.42. The business's fifty day moving average is $8.57 and its two-hundred day moving average is $8.11. The firm has a market cap of $1.84 billion, a P/E ratio of -10.60 and a beta of 0.75.
Liberty Global (NASDAQ:LILAK - Get Free Report) last issued its earnings results 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). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.
Institutional Investors Weigh In On Liberty Global
Hedge funds and other institutional investors have recently bought and sold shares of the company. Entropy Technologies LP bought a new stake in shares of Liberty Global in the third quarter worth $371,000. EP Wealth Advisors LLC boosted its holdings in Liberty Global by 27.7% during the third quarter. EP Wealth Advisors LLC now owns 16,972 shares of the company's stock worth $140,000 after purchasing an additional 3,677 shares during the last quarter. Polymer Capital Management US LLC bought a new position in Liberty Global in the third quarter valued at $86,000. First Trust Advisors LP grew its position in Liberty Global by 119.4% in the third quarter. First Trust Advisors LP now owns 266,968 shares of the company's stock valued at $2,194,000 after purchasing an additional 145,311 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new position in Liberty Global in the third quarter valued at $763,000. Institutional investors and hedge funds own 52.98% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on LILAK. UBS Group initiated coverage on shares of Liberty Global in a research report on Thursday, September 3rd. They issued a "neutral" rating and a $9.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 15th. Finally, Citigroup increased their target price on shares of Liberty Global from $9.00 to $11.00 and gave the stock a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $10.00.
View Our Latest Research Report on Liberty Global
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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