Key Points
- Major shareholder John Malone bought 98,704 Liberty Global shares at an average price of $9.76, spending about $963,351. After the purchase, he directly owned 9.22 million shares.
- Liberty Global reported quarterly EPS of $1.32, exceeding the consensus estimate of a $0.32 loss, and revenue of $1.92 billion versus a $1.71 billion estimate.
- Analyst views are mixed: the consensus rating is Hold, with a $12.78 average price target; two analysts rate the stock Buy, four Hold, and one Sell.
Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) major shareholder John Malone acquired 51,296 shares of the firm's stock in a transaction on Friday, November 6th. The shares were acquired at an average price of $9.68 per share, with a total value of $496,545.28. Following the completion of the purchase, the insider owned 9,119,039 shares in the company, valued at approximately $88,272,297.52. This trade represents a 0.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Liberty Global Stock Up 2.7%
NASDAQ:LBTYA opened at $10.26 on Wednesday. The firm has a market capitalization of $3.50 billion, a P/E ratio of -1.39 and a beta of 1.06. Liberty Global Ltd has a 1-year low of $7.36 and a 1-year high of $13.52. The company's fifty day moving average price is $9.21 and its 200-day moving average price is $10.97. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 0.84.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $1.64. The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%. As a group, equities research analysts anticipate that Liberty Global Ltd will post -1.47 EPS for the current year.
Institutional Trading of Liberty Global
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYA. Private Advisor Group LLC acquired a new position in shares of Liberty Global in the third quarter worth about $351,000. Voya Investment Management LLC grew its position in shares of Liberty Global by 66.9% during the 3rd quarter. Voya Investment Management LLC now owns 82,979 shares of the company's stock valued at $758,000 after acquiring an additional 33,258 shares during the period. Optas LLC acquired a new stake in shares of Liberty Global during the 3rd quarter valued at about $168,000. Diversified Trust Co acquired a new stake in shares of Liberty Global during the 3rd quarter valued at about $150,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Liberty Global by 17.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 34,894 shares of the company's stock valued at $320,000 after purchasing an additional 5,144 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on LBTYA shares. UBS Group decreased their price objective on Liberty Global from $12.10 to $11.90 and set a "neutral" rating for the company in a report on Tuesday, August 4th. New Street Research raised Liberty Global from a "hold" rating to a "buy" rating and set a $14.00 target price on the stock in a report on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Thursday, October 29th. Finally, Barclays decreased their price target on Liberty Global from $10.00 to $7.00 and set an "equal weight" rating for the company in a report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.78.
Read Our Latest Stock Analysis on Liberty Global
About Liberty Global
(
Get Free Report)
Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products. The company's European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium. Liberty Global also invests in communications infrastructure and technology businesses.
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