Liberty Global Ltd (NASDAQ:LBTYK – Get Free Report) major shareholder John Malone purchased 51,296 shares of the business’s stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $9.68 per share, with a total value of $496,545.28. Following the completion of the acquisition, the insider directly owned 9,119,039 shares in the company, valued at $88,272,297.52. The trade was a 0.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Liberty Global Price Performance
Shares of NASDAQ:LBTYK opened at $9.73 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $3.32 billion, a PE ratio of -1.32 and a beta of 1.00. The stock has a fifty day moving average of $9.02 and a 200-day moving average of $10.70. Liberty Global Ltd has a one year low of $7.32 and a one year high of $13.12.
Liberty Global (NASDAQ:LBTYK – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion.
Institutional Investors Weigh In On Liberty Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP grew its position in shares of Liberty Global by 52.1% in the second 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 last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Liberty Global by 44.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,804 shares of the company’s stock worth $59,000 after purchasing an additional 2,100 shares during the period. Versant Capital Management Inc lifted its holdings in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after purchasing an additional 2,292 shares during the last quarter. Royal Bank of Canada boosted its stake in Liberty Global by 31.7% in the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock valued at $111,000 after purchasing an additional 2,299 shares during the period. Finally, Arkadios Wealth Advisors grew its holdings in Liberty Global by 26.4% in the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after buying an additional 3,442 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have issued reports on LBTYK shares. Weiss Ratings raised shares of 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 research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.
Get Our Latest Analysis on Liberty Global
About Liberty Global
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