Liberty Global (NASDAQ:LBTYK) Posts Quarterly Earnings Results, Misses Estimates By $0.59 EPS

Liberty Global (NASDAQ:LBTYK) released its quarterly earnings data on Friday. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59), Zacks reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Stock Down 3.8%

LBTYK stock opened at $9.60 on Friday. The business has a 50-day moving average of $11.02 and a 200-day moving average of $11.36. Liberty Global has a fifty-two week low of $9.30 and a fifty-two week high of $13.12. The stock has a market capitalization of $3.25 billion, a P/E ratio of -1.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11.

Analyst Ratings Changes

A number of research firms have issued reports on LBTYK. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Global has an average rating of “Sell”.

Insiders Place Their Bets

In other news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.86% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors increased its position in shares of Liberty Global by 9.7% in the fourth quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock valued at $144,000 after acquiring an additional 1,157 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Liberty Global by 15.7% during the third quarter. Raymond James Financial Inc. now owns 13,271 shares of the company’s stock worth $156,000 after acquiring an additional 1,796 shares in the last quarter. Bank of America Corp DE grew its stake in Liberty Global by 2.9% in the second quarter. Bank of America Corp DE now owns 75,244 shares of the company’s stock valued at $776,000 after purchasing an additional 2,103 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Liberty Global by 4.0% in the fourth quarter. Wells Fargo & Company MN now owns 60,668 shares of the company’s stock valued at $670,000 after purchasing an additional 2,312 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.