Liberty Global (NASDAQ:LBTYA) CEO Michael Fries Buys 110,000 Shares of Company Stock

Key Points

• CEO Michael Fries bought 110,000 Liberty Global shares at an average $9.37 each, investing about $1.03 million and increasing his direct stake by 9.75% to 1,238,525 shares.
• Liberty Global reported quarterly earnings of $1.32 per share, beating the consensus estimate of a $0.32 loss; revenue of $1.92 billion also exceeded expectations of $1.71 billion.
• Analyst views are mixed, with a MarketBeat consensus rating of Hold and an average price target of $12.78.

Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) CEO Michael Fries purchased 110,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average price of $9.37 per share, for a total transaction of $1,030,700.00. Following the acquisition, the chief executive officer directly owned 1,238,525 shares in the company, valued at $11,604,979.25. This represents a 9.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Global Stock Up 1.0%

NASDAQ:LBTYA traded up $0.10 during trading hours on Thursday, reaching $9.68. The company's stock had a trading volume of 1,519,094 shares, compared to its average volume of 2,724,727. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $3.30 billion, a price-to-earnings ratio of -1.31 and a beta of 1.06. Liberty Global Ltd has a one year low of $7.36 and a one year high of $13.52. The business's 50-day moving average is $9.26 and its 200-day moving average is $10.98.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced 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 company 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%. Equities research analysts predict that Liberty Global Ltd will post -1.47 EPS for the current year.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new stake in shares of Liberty Global in the third quarter worth $804,000. AlphaCore Capital LLC bought a new position in Liberty Global during the third quarter worth $127,000. Chicago Partners Investment Group LLC acquired a new position in Liberty Global during the 3rd quarter valued at $105,000. Asset Management One Co. Ltd. raised its stake in Liberty Global by 1,011.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 19,040 shares of the company's stock valued at $174,000 after purchasing an additional 17,327 shares during the last quarter. Finally, Seven Mile Advisory bought a new stake in Liberty Global in the 3rd quarter valued at $198,000. Institutional investors and hedge funds own 37.20% of the company's stock.

Analysts Set New Price Targets

LBTYA has been the subject of a number of recent analyst reports. Barclays decreased their target price on Liberty Global from $10.00 to $7.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 20th. UBS Group dropped their price target on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. New Street Research upgraded 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 note on Tuesday, October 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 29th. Finally, Wall Street Zen upgraded shares of Liberty Global to a "sell" rating in a research note on Saturday, October 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Liberty Global has a consensus rating of "Hold" and a consensus target price of $12.78.

Liberty Global Company Profile

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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