Insider Buying: Liberty Global (NASDAQ:LBTYK) EVP Buys 211,313 Shares of Stock

Key Points

• Liberty Global EVP Enrique Rodriguez bought 211,313 shares at an average $9.45 each, a transaction worth about $2.0 million that increased his direct holdings by 54.04%.
• The company reported quarterly EPS of $1.32, beating the $0.32 loss analysts expected, and revenue of $1.92 billion versus a $1.71 billion consensus estimate.
• Analyst sentiment remains negative: MarketBeat reports an average Sell rating, while shares traded at $9.45 and were up 1.1% in Thursday mid-day trading.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) EVP Enrique Rodriguez acquired 211,313 shares of the stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $9.45 per share, with a total value of $1,996,907.85. Following the transaction, the executive vice president directly owned 602,378 shares of the company's stock, valued at $5,692,472.10. This represents a 54.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Stock Up 1.1%

Shares of LBTYK traded up $0.10 during mid-day trading on Thursday, reaching $9.45. 938,469 shares of the stock traded hands, compared to its average volume of 1,457,686. The stock has a fifty day simple moving average of $9.07 and a 200 day simple moving average of $10.71. Liberty Global Ltd has a 12-month low of $7.32 and a 12-month high of $13.12. 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 $3.22 billion, a price-to-earnings ratio of -1.28 and a beta of 1.00.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%.

Analyst Ratings Changes

Several equities analysts have recently commented on LBTYK shares. Wall Street Zen cut Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, October 16th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has an average rating of "Sell".

Institutional Trading of Liberty Global

Several hedge funds have recently bought and sold shares of LBTYK. ACR Alpine Capital Research LLC bought a new position in shares of Liberty Global during the 3rd quarter worth approximately $90,333,000. Rubric Capital Management LP increased its stake in shares of Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company's stock valued at $108,612,000 after acquiring an additional 3,137,779 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock valued at $92,857,000 after acquiring an additional 238,052 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Liberty Global by 3.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock valued at $40,783,000 after acquiring an additional 127,220 shares during the period. Finally, Private Management Group Inc. acquired a new position in shares of Liberty Global during the 3rd quarter valued at $14,926,000. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

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