Key Points
- CEO Michael Fries bought 110,000 Liberty Global shares at an average of $9.37 each, a transaction worth about $1.03 million. The purchase increased his stake by 9.75% to 1,238,525 shares.
- Liberty Global reported quarterly EPS of $1.32, beating the consensus estimate of a $0.32 loss, and revenue of $1.92 billion versus expectations of $1.71 billion.
- Analyst views are mixed, but the overall consensus is Hold, with a $12.78 average price target; ratings include two Buys, four Holds, and one Sell.
Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) CEO Michael Fries acquired 110,000 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The shares were acquired at an average price of $9.37 per share, with a total value of $1,030,700.00. Following the completion of the transaction, the chief executive officer owned 1,238,525 shares in the company, valued at $11,604,979.25. The trade was a 9.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Liberty Global Stock Performance
NASDAQ:LBTYA opened at $9.71 on Friday. Liberty Global Ltd has a twelve month low of $7.36 and a twelve month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock's 50-day simple moving average is $9.24 and its 200 day simple moving average is $10.97. The firm has a market capitalization of $3.31 billion, a PE ratio of -1.31 and a beta of 1.06.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.64. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. On average, analysts anticipate that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently issued reports on LBTYA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 29th. New Street Research raised shares of Liberty Global from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research note on Tuesday, October 20th. UBS Group cut their target price on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Liberty Global to a "sell" rating in a research note on Saturday, October 17th. Finally, Barclays decreased their target price on shares of Liberty Global from $10.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $12.78.
Check Out Our Latest Analysis on Liberty Global
Hedge Funds Weigh In On Liberty Global
Several large investors have recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Liberty Global by 42.1% during the second quarter. Allworth Financial LP now owns 4,590 shares of the company's stock valued at $52,000 after purchasing an additional 1,360 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Liberty Global by 54.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company's stock worth $74,000 after purchasing an additional 2,137 shares during the last quarter. Trust Co. of Vermont acquired a new position in shares of Liberty Global in the second quarter valued at approximately $76,000. Chicago Partners Investment Group LLC acquired a new position in shares of Liberty Global in the third quarter valued at approximately $105,000. Finally, AlphaCore Capital LLC bought a new position in Liberty Global in the 3rd quarter valued at approximately $127,000. 37.20% of the stock is currently owned by institutional investors.
About Liberty Global
(
Get Free Report)
Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.
The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.
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