Liberty Global (NASDAQ:LBTYK) Releases Earnings Results, Misses Expectations By $7.65 EPS

Key Points

• Liberty Global reported a quarterly earnings per share (EPS) of (-8.09), with a negative return on equity of (1.15%) and a net margin of (4.25%).
• Despite the poor earnings results, the company's stock price increased by 6.9%, reaching $10.93 during mid-day trading.
• Institutional investors hold approximately 46.10% of Liberty Global's stock, with notable increases in holdings by several hedge funds during the first quarter.

Liberty Global (NASDAQ:LBTYK - Get Free Report) issued its quarterly earnings data on Friday. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($7.65), Zacks reports. Liberty Global had a negative return on equity of 22.07% and a negative net margin of 60.38%. The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.22 billion.

Liberty Global Price Performance

Liberty Global stock traded up $0.13 on Tuesday, reaching $11.22. The company's stock had a trading volume of 778,351 shares, compared to its average volume of 1,391,121. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Liberty Global has a twelve month low of $9.21 and a twelve month high of $22.14. The company has a market cap of $3.91 billion, a price-to-earnings ratio of -1.15 and a beta of 1.08. The business's fifty day moving average price is $10.18 and its 200 day moving average price is $10.90.

Institutional Trading of Liberty Global

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada increased its position in shares of Liberty Global by 22.5% during the first quarter. Royal Bank of Canada now owns 33,798 shares of the company's stock valued at $405,000 after acquiring an additional 6,217 shares during the last quarter. AQR Capital Management LLC lifted its position in Liberty Global by 18.0% in the 1st quarter. AQR Capital Management LLC now owns 80,872 shares of the company's stock valued at $963,000 after acquiring an additional 12,330 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Liberty Global by 76,160.0% in the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock worth $46,000 after purchasing an additional 3,808 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Liberty Global by 140.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company's stock worth $17,059,000 after buying an additional 832,838 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Liberty Global by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company's stock valued at $7,743,000 after acquiring an additional 15,121 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.