Liberty Global (NASDAQ:LBTYA) Announces Quarterly Earnings Results, Misses Expectations By $20.60 EPS

Liberty Global (NASDAQ:LBTYA) posted its quarterly earnings results on Wednesday. The company reported ($21.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($20.60), FiscalAI reports. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Liberty Global had a negative net margin of 41.44% and a negative return on equity of 14.71%.

Liberty Global Price Performance

LBTYA opened at $12.14 on Wednesday. The stock has a market capitalization of $4.09 billion, a PE ratio of -1.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50 day simple moving average is $10.98 and its 200 day simple moving average is $11.17. Liberty Global has a 1 year low of $9.02 and a 1 year high of $12.09.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 33,220 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Evolve Private Wealth LLC purchased a new stake in Liberty Global in the 4th quarter worth about $211,000. AQR Capital Management LLC boosted its position in Liberty Global by 75.0% during the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after purchasing an additional 5,751,520 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Liberty Global by 10.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 149,993 shares of the company’s stock valued at $1,671,000 after purchasing an additional 13,822 shares in the last quarter. Captrust Financial Advisors increased its holdings in Liberty Global by 18.0% in the fourth quarter. Captrust Financial Advisors now owns 44,524 shares of the company’s stock worth $496,000 after buying an additional 6,780 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Liberty Global during the fourth quarter valued at approximately $85,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LBTYA. Citigroup boosted their price target on shares of Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. UBS Group boosted their price target on shares of Liberty Global from $11.80 to $12.60 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $14.40.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.