Key Points
- CEO Michael Fries bought 110,000 Liberty Global shares for about $1.03 million at $9.37 each, increasing his direct ownership 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 sentiment remains negative: the stock has an average Sell rating, with one analyst rating it Sell.
Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) CEO Michael Fries bought 110,000 shares of the company's stock in a transaction that occurred on Wednesday, November 4th. The stock was acquired at an average price of $9.37 per share, for a total transaction of $1,030,700.00. Following the completion of the acquisition, the chief executive officer directly owned 1,238,525 shares in the company, valued at approximately $11,604,979.25. This represents a 9.75% 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.
Liberty Global Stock Up 1.9%
LBTYK stock opened at $9.52 on Friday. The firm has a market cap of $3.25 billion, a PE ratio of -1.29 and a beta of 1.00. Liberty Global Ltd has a 12 month low of $7.32 and a 12 month high of $13.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $10.70.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $1.64. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%.
Analyst Ratings Changes
Several research firms have recently weighed in on LBTYK. Weiss Ratings raised Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 16th. Wall Street Zen cut Liberty Global from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
View Our Latest Analysis on LBTYK
Institutional Investors Weigh In On Liberty Global
Several hedge funds have recently made changes to their positions in LBTYK. Sterling Capital Management LLC acquired a new position in Liberty Global in the 3rd quarter worth approximately $33,000. AlphaCore Capital LLC purchased a new position in Liberty Global during the 3rd quarter worth approximately $37,000. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Liberty Global during the 1st quarter worth approximately $42,000. Allworth Financial LP raised its stake in Liberty Global by 52.1% during the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company's stock valued at $48,000 after purchasing an additional 1,509 shares during the period. Finally, Versant Capital Management Inc raised its stake in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company's stock valued at $53,000 after purchasing an additional 2,292 shares during the period. Hedge funds and other institutional investors own 46.10% of the company's stock.
Liberty Global Company Profile
(
Get Free Report)
Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.
Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.
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