Liberty Global (NASDAQ:LBTYA) Major Shareholder John Malone Purchases 51,296 Shares of Company Stock

Key Points

• Major shareholder John Malone bought 51,296 Liberty Global shares at an average of $9.68, spending about $496,545. His holdings rose to 9.12 million shares.
• Liberty Global reported quarterly EPS of $1.32, beating the consensus estimate of a $0.32 loss, and revenue of $1.92 billion versus $1.71 billion expected.
• Analyst sentiment is mixed, with a consensus Hold rating and an average price target of $12.78; recent targets range from $7 to $14.

Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) major shareholder John Malone purchased 51,296 shares of Liberty Global stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $9.68 per share, for a total transaction of $496,545.28. Following the completion of the transaction, the insider owned 9,119,039 shares in the company, valued at $88,272,297.52. The trade was a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA opened at $9.99 on Tuesday. The company has a 50-day moving average price of $9.22 and a 200-day moving average price of $10.97. Liberty Global Ltd has a 12 month low of $7.36 and a 12 month high of $13.52. The company has a market cap of $3.41 billion, a price-to-earnings ratio of -1.35 and a beta of 1.06. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

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

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently made changes to their positions in LBTYA. Allworth Financial LP grew its holdings in shares of Liberty Global by 42.1% in the second quarter. Allworth Financial LP now owns 4,590 shares of the company's stock worth $52,000 after purchasing an additional 1,360 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company's stock worth $74,000 after buying an additional 2,137 shares during the period. Trust Co. of Vermont bought a new position in shares of Liberty Global during the 2nd quarter worth $76,000. Chicago Partners Investment Group LLC purchased a new position in shares of Liberty Global during the third quarter valued at $105,000. Finally, AlphaCore Capital LLC purchased a new stake in Liberty Global in the third quarter worth about $127,000. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LBTYA has been the subject of a number of research analyst reports. Barclays cut their price objective 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 reduced their price objective on Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. Wall Street Zen upgraded Liberty Global from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Thursday, October 29th. Finally, New Street Research raised shares of 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 investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $12.78.

Liberty Global Company Profile

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.

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