Liberty Global (NASDAQ:LBTYK) CEO Purchases 110,000 Shares of Stock

Key Points

• CEO Michael Fries bought 110,000 Liberty Global shares at an average price of $9.37, investing about $1.03 million. The purchase increased his ownership by 9.75% to 1,238,525 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 analysts’ $1.71 billion estimate.
• Analyst sentiment remains negative: MarketBeat reports an average “Sell” rating, with one analyst rating the stock Sell.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) CEO Michael Fries bought 110,000 shares of the company's stock in a transaction on Wednesday, November 4th. The stock was purchased at an average cost of $9.37 per share, with a total value of $1,030,700.00. Following the completion of the transaction, the chief executive officer owned 1,238,525 shares in the company, valued at $11,604,979.25. This represents a 9.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Global Trading Up 1.1%

NASDAQ:LBTYK traded up $0.10 on Thursday, reaching $9.45. 938,469 shares of the company's stock were exchanged, compared to its average volume of 1,457,686. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of -1.28 and a beta of 1.00. Liberty Global Ltd has a 52-week low of $7.32 and a 52-week 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 business has a fifty day moving average of $9.07 and a 200-day moving average of $10.71.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 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 net margin of 44.40% and a negative return on equity of 25.59%.

Analyst Upgrades and Downgrades

LBTYK has been the subject of several recent research reports. Wall Street Zen cut shares of Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings raised Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Liberty Global currently has an average rating of "Sell".

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Keybank National Association OH acquired a new position in Liberty Global during the 3rd quarter worth approximately $152,000. AlphaCore Capital LLC acquired a new stake in shares of Liberty Global in the 3rd quarter valued at $37,000. Private Management Group Inc. acquired a new stake in shares of Liberty Global in the 3rd quarter valued at $14,926,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Liberty Global by 44.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,804 shares of the company's stock valued at $59,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Ethic Inc. lifted its position in shares of Liberty Global by 83.9% during the 3rd quarter. Ethic Inc. now owns 51,636 shares of the company's stock worth $459,000 after purchasing an additional 23,558 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.

About Liberty Global

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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