Key Points
- Major shareholder John Malone bought 98,704 Liberty Global shares at an average price of $9.76, spending about $963,351 and increasing his stake by 1.08% to 9,217,743 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 $1.71 billion expected.
- Analyst sentiment remains negative: MarketBeat reports an average “Sell” rating. Shares opened at $10.01 on Wednesday, up 2.9%.
Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) major shareholder John Malone bought 51,296 shares of the stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $9.68 per share, for a total transaction of $496,545.28. Following the completion of the purchase, the insider owned 9,119,039 shares of the company's stock, valued at approximately $88,272,297.52. This trade represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large 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 Performance
LBTYK stock opened at $10.01 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.81. Liberty Global Ltd has a fifty-two week low of $7.32 and a fifty-two week high of $13.12. The stock has a fifty day moving average of $9.01 and a 200-day moving average of $10.69.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data 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. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.71 billion.
Analyst Ratings Changes
Several research firms have recently weighed in on LBTYK. Wall Street Zen downgraded shares of Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has an average rating of "Sell".
View Our Latest Stock Report on LBTYK
Hedge Funds Weigh In On Liberty Global
A number of large investors have recently made changes to their positions in the stock. ACR Alpine Capital Research LLC bought a new position in shares of Liberty Global in the third quarter worth $90,333,000. Rubric Capital Management LP boosted its stake in Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company's stock worth $108,612,000 after purchasing an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP boosted its stake in Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock worth $92,857,000 after purchasing an additional 238,052 shares during the period. Envestnet Asset Management Inc. grew its holdings in Liberty Global by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock valued at $40,783,000 after buying an additional 127,220 shares in the last quarter. Finally, Private Management Group Inc. purchased a new position in Liberty Global during the 3rd quarter valued at about $14,926,000. 46.10% of the stock is owned by institutional investors.
About Liberty Global
(
Get Free Report)
Liberty Global is an international telecommunications company focused on broadband, video and mobile services. It provides connectivity and entertainment to residential and business customers through operating companies and joint ventures, including Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland. The company traces its roots to the 2005 merger of UnitedGlobalCom and Liberty Media International. In addition to its telecommunications businesses, Liberty Global invests in communications infrastructure and technology companies.
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