Some Liberty Global plc (NASDAQ:LBTY.A) shareholders may be a little concerned to see that the Independent Director, Miranda T. Curtis, recently sold a substantial US$505k worth of stock at a price of US$16.20 per share. That’s a big disposal, and it decreased their holding size by 24%, which is notable but not too bad.
View our latest analysis for Liberty Global
The Last 12 Months Of Insider Transactions At Liberty Global
Notably, that recent sale by Miranda T. Curtis is the biggest insider sale of Liberty Global shares that we’ve seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$16.19. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last year Liberty Global insiders didn’t buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
I will like Liberty Global better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Liberty Global Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Liberty Global insiders own about US$660m worth of shares (which is 10% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Liberty Global Tell Us?
Insiders sold Liberty Global shares recently, but they didn’t buy any. And even if we look at the last year, we didn’t see any purchases. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it’s also worthwhile knowing the risks facing this company. To that end, you should learn about the 2 warning signs we’ve spotted with Liberty Global (including 1 which is a bit unpleasant).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
What are the risks and opportunities for Liberty Global?
Trading at 60.5% below our estimate of its fair value
Debt is not well covered by operating cash flow
Significant insider selling over the past 3 months
View all Risks and Rewards
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.