Liberty Global (NASDAQ:LBTYA – Get Free Report) posted its quarterly earnings data on Friday. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59), FiscalAI reports. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.
Liberty Global Trading Down 6.7%
Shares of NASDAQ:LBTYA traded down $0.69 on Friday, reaching $9.60. 2,551,410 shares of the company traded hands, compared to its average volume of 2,334,615. The stock has a market capitalization of $3.24 billion, a P/E ratio of -0.60 and a beta of 0.93. The business’s 50-day simple moving average is $11.43 and its 200 day simple moving average is $11.66. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global has a 52 week low of $9.63 and a 52 week high of $13.52.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. UBS Group dropped their target price on shares of Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Pivotal Research reissued a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Finally, Zacks Research raised shares of Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $16.02.
Insiders Place Their Bets
In related news, Director J David Wargo sold 55,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. This represents a 50.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.34% of the stock is owned by corporate insiders.
Institutional Trading of Liberty Global
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Liberty Global during the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares during the period. Headlands Technologies LLC bought a new stake in Liberty Global during the 2nd quarter valued at $47,000. Cubist Systematic Strategies LLC bought a new stake in Liberty Global during the 1st quarter valued at $64,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Liberty Global during the 4th quarter valued at $85,000. Institutional investors own 37.20% of the company’s stock.
Liberty Global Company Profile
Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.
The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.
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