Liberty Global (NASDAQ:LBTYA) EVP Buys $1,996,907.85 in Stock

Liberty Global Ltd (NASDAQ:LBTYA) EVP Enrique Rodriguez bought 211,313 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were acquired at an average price of $9.45 per share, for a total transaction of $1,996,907.85. Following the completion of the acquisition, the executive vice president owned 602,378 shares in the company, valued at $5,692,472.10. This represents a 54.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Liberty Global Trading Up 2.0%

NASDAQ LBTYA opened at $9.90 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.28 and a current ratio of 0.84. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of -1.34 and a beta of 1.06. The company’s 50-day simple moving average is $9.23 and its two-hundred day simple moving average is $10.97. Liberty Global Ltd has a one year low of $7.36 and a one year high of $13.52.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, topping the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Equities analysts forecast that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LBTYA shares. New Street Research raised shares of Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Tuesday, October 20th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday. Barclays dropped their target price on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 29th. Finally, UBS Group reduced their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.78.

Institutional Investors Weigh In On Liberty Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in Liberty Global by 42.1% in the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after acquiring an additional 1,360 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Liberty Global by 54.2% during the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after acquiring an additional 2,137 shares in the last quarter. Trust Co. of Vermont acquired a new position in shares of Liberty Global during the second quarter valued at about $76,000. Chicago Partners Investment Group LLC purchased a new position in shares of Liberty Global in the 3rd quarter valued at approximately $105,000. Finally, AlphaCore Capital LLC purchased a new position in shares of Liberty Global in the 3rd quarter valued at approximately $127,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.