Insider Buying: Liberty Global (NASDAQ:LILAK) Director Acquires $363,357.40 in Stock

Liberty Global PLC (NASDAQ:LILAK – Get Free Report) Director Angoitia Alfonso De bought 17,596 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were bought at an average price of $20.65 per share, with a total value of $363,357.40. Following the completion of the purchase, the director owned 163,086 shares in the company, valued at approximately $3,367,725.90. The trade was a 12.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De purchased 313,104 shares of Liberty Global stock. The stock was bought at an average price of $20.95 per share, for a total transaction of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De acquired 145,490 shares of Liberty Global stock. The shares were bought at an average price of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Global Stock Performance

Shares of LILAK traded down $0.23 during trading hours on Friday, reaching $8.45. 987,912 shares of the company traded hands, compared to its average volume of 1,375,265. The stock’s fifty day moving average is $8.00 and its 200 day moving average is $7.94. The stock has a market cap of $1.66 billion, a P/E ratio of -17.24 and a beta of 0.71. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $9.13.

Liberty Global (NASDAQ:LILAK – Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $1.09 billion.

Wall Street Analysts Forecast Growth

LILAK has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. UBS Group initiated coverage on Liberty Global in a research report on Thursday. They issued a “neutral” rating and a $9.00 target price for the company. Finally, Citigroup lifted 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. Two research 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, Liberty Global has an average rating of “Reduce” and a consensus target price of $9.00.

Get Our Latest Stock Analysis on Liberty Global

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LILAK. EverSource Wealth Advisors LLC boosted its holdings in Liberty Global by 377.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,136 shares of the company’s stock valued at $28,000 after purchasing an additional 2,479 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Liberty Global in the 2nd quarter worth approximately $30,000. Headlands Technologies LLC raised its holdings in shares of Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $75,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after buying an additional 3,150 shares during the period. Institutional investors own 52.98% of the company’s stock.

About Liberty Global

(Get Free Report)

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.

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