Liberty Global Ltd (NASDAQ:LBTYA – Get Free Report) major shareholder John Malone bought 51,296 shares of the firm’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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Liberty Global Stock Performance
NASDAQ LBTYA opened at $10.64 on Thursday. Liberty Global Ltd has a one year low of $7.36 and a one year high of $13.52. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.81. The stock’s 50-day moving average is $9.21 and its 200-day moving average is $10.97.
Liberty Global (NASDAQ:LBTYA – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. On average, equities research analysts anticipate that Liberty Global Ltd will post -1.47 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Liberty Global
Institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in Liberty Global by 42.1% during the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after buying an additional 1,360 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Liberty Global by 54.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock worth $74,000 after purchasing an additional 2,137 shares during the period. Trust Co. of Vermont acquired a new position in Liberty Global in the 2nd quarter valued at $76,000. Advisors Asset Management Inc. bought a new stake in Liberty Global during the third quarter worth about $93,000. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Liberty Global during the 3rd quarter worth approximately $105,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Barclays reduced their target price on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. UBS Group lowered their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a report on Tuesday, August 4th. Finally, New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $12.78.
Get Our Latest Stock Analysis on Liberty Global
About Liberty Global
Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products. The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium. Liberty Global also invests in communications infrastructure and technology businesses.
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