Insider Buying: Liberty Global (NASDAQ:LBTYA) EVP Purchases 211,313 Shares of Stock

Key Points

• Liberty Global EVP Enrique Rodriguez bought 211,313 shares at an average price of $9.45, spending about $2.0 million. The purchase increased his direct holdings by 54.04% to 602,378 shares.
• The company reported quarterly EPS of $1.32, beating analysts’ estimate of a $0.32 loss, and revenue of $1.92 billion versus expectations of $1.71 billion.
• Analysts’ consensus rating is Hold, with an average price target of $12.78; views range from Buy to Sell.

Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) EVP Enrique Rodriguez acquired 211,313 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was acquired at an average price of $9.45 per share, with a total value of $1,996,907.85. Following the completion of the transaction, the executive vice president directly owned 602,378 shares of the company's stock, valued at $5,692,472.10. This trade represents a 54.04% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Liberty Global Trading Up 1.2%

NASDAQ:LBTYA traded up $0.12 on Thursday, reaching $9.70. The company's stock had a trading volume of 1,519,094 shares, compared to its average volume of 2,724,727. Liberty Global Ltd has a 12-month low of $7.36 and a 12-month high of $13.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $3.31 billion, a price-to-earnings ratio of -1.31 and a beta of 1.06. The stock has a 50 day moving average price of $9.26 and a 200 day moving average price of $10.98.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. On average, equities analysts anticipate that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in Liberty Global by 42.1% in the second quarter. Allworth Financial LP now owns 4,590 shares of the company's stock valued at $52,000 after purchasing an additional 1,360 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in 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 in the last quarter. Trust Co. of Vermont acquired a new stake in Liberty Global during the second quarter worth approximately $76,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Liberty Global during the 3rd quarter worth approximately $105,000. Finally, AlphaCore Capital LLC purchased a new stake in shares of Liberty Global during the 3rd quarter worth approximately $127,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LBTYA shares. Wall Street Zen upgraded shares of Liberty Global to a "sell" rating in a research report on Saturday, October 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, October 29th. Barclays decreased their price objective on shares of Liberty Global from $10.00 to $7.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 20th. New Street Research raised shares of Liberty Global from a "hold" rating to a "buy" rating and set a $14.00 price objective for the company in a research report on Tuesday, October 20th. Finally, UBS Group cut their target price on Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.78.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.

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