Liberty Global Ltd (NASDAQ:LBTYK – Get Free Report) major shareholder John Malone acquired 98,704 shares of the business’s stock in a transaction on Monday, November 9th. The shares were purchased at an average price of $9.76 per share, with a total value of $963,351.04. Following the completion of the purchase, the insider owned 9,217,743 shares in the company, valued at $89,965,171.68. This represents a 1.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Liberty Global Trading Up 2.9%
Shares of Liberty Global stock opened at $10.01 on Wednesday. The business has a 50 day simple moving average of $9.01 and a two-hundred day simple moving average of $10.69. 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 1.81, a current ratio of 0.84 and a quick ratio of 0.84.
Liberty Global (NASDAQ:LBTYK – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.64. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.71 billion. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%.
Wall Street Analyst Weigh In
LBTYK has been the topic of a number of research reports. Weiss Ratings upgraded Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Sell”.
Get Our Latest Report on LBTYK
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ieq Capital LLC purchased a new stake in shares of Liberty Global in the third quarter valued at approximately $1,146,000. Landscape Capital Management L.L.C. purchased a new position in Liberty Global during the third quarter worth approximately $2,548,000. Voya Investment Management LLC purchased a new position in Liberty Global during the third quarter worth approximately $94,000. HighTower Advisors LLC purchased a new position in Liberty Global during the third quarter worth approximately $91,000. Finally, Diversified Trust Co acquired a new position in Liberty Global during the third quarter worth $713,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.
Liberty Global Company Profile
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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