Liberty Global (NASDAQ:LBTYK) Major Shareholder Acquires 98,704 Shares of Stock

Key Points

• Major shareholder John Malone bought 98,704 Liberty Global shares at an average of $9.76 each, spending about $963,000 and increasing his stake by 1.08% to 9.22 million shares.
• Liberty Global reported quarterly EPS of $1.32, beating analyst expectations of a $0.32 loss, and revenue of $1.92 billion versus estimates of $1.71 billion.
• Analyst sentiment remains negative: the stock has a consensus Sell rating, with one analyst currently covering it.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) major shareholder John Malone bought 98,704 shares of the stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of $9.76 per share, for a total transaction of $963,351.04. Following the purchase, the insider owned 9,217,743 shares of the company's stock, valued at $89,965,171.68. This trade represents a 1.08% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Liberty Global Stock Performance

NASDAQ:LBTYK opened at $9.73 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $10.70. Liberty Global Ltd has a 1-year low of $7.32 and a 1-year high of $13.12. The stock has a market cap of $3.32 billion, a P/E ratio of -1.32 and a beta of 1.00.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently bought and sold shares of LBTYK. ACR Alpine Capital Research LLC bought a new stake in shares of Liberty Global in the third quarter worth $90,333,000. Envestnet Asset Management Inc. increased its position in Liberty Global by 3.6% during the second 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 last quarter. Robeco Institutional Asset Management B.V. bought a new position in Liberty Global in the third quarter valued at about $8,833,000. Janus Henderson Group PLC boosted its position in Liberty Global by 299.2% in the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company's stock worth $2,954,000 after purchasing an additional 188,800 shares during the last quarter. Finally, Capula Management Ltd boosted its position in Liberty Global by 388.3% in the first quarter. Capula Management Ltd now owns 210,109 shares of the company's stock worth $2,465,000 after purchasing an additional 167,080 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Liberty Global Company Profile

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