Liberty Global (NASDAQ:LBTYK) CEO Buys $1,030,700.00 in Stock

Liberty Global Ltd (NASDAQ:LBTYK) CEO Michael Fries acquired 110,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the completion of the transaction, the chief executive officer directly owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. This trade represents a 9.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Global Trading Up 2.1%

Shares of LBTYK opened at $9.72 on Friday. Liberty Global Ltd has a 12 month low of $7.32 and a 12 month high of $13.12. The stock’s 50-day moving average is $9.04 and its two-hundred day moving average is $10.70. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 1.28. The stock has a market cap of $3.32 billion, a PE ratio of -1.32 and a beta of 1.00.

Liberty Global (NASDAQ:LBTYK) last posted its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LBTYK. Wall Street Zen lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC purchased a new position in shares of Liberty Global during the 3rd quarter valued at approximately $33,000. AlphaCore Capital LLC bought a new stake in shares of Liberty Global in the third quarter worth $37,000. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Liberty Global in the first quarter valued at $42,000. Allworth Financial LP boosted its stake in Liberty Global by 52.1% during the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after acquiring an additional 1,509 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after acquiring an additional 2,292 shares during the last quarter. 46.10% 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 provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.