Liberty Global (NASDAQ:LBTYA) Stock: Insider John Malone Purchases 98,704 Shares

Liberty Global Ltd (NASDAQ:LBTYA) major shareholder John Malone acquired 98,704 shares of the business’s stock in a transaction on Monday, November 9th. The shares were purchased at an average price of $9.76 per share, with a total value of $963,351.04. Following the completion of the purchase, the insider owned 9,217,743 shares in the company, valued at $89,965,171.68. This represents a 1.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $9.99 on Tuesday. The business has a 50 day simple moving average of $9.22 and a two-hundred day simple moving average of $10.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $3.41 billion, a P/E ratio of -1.35 and a beta of 1.06. Liberty Global Ltd has a 12 month low of $7.36 and a 12 month high of $13.52.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Tuesday, November 3rd. The company reported $1.32 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 analysts’ expectations of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%. As a group, analysts predict that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of Liberty Global by 42.1% in the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after acquiring an additional 1,360 shares during the period. PNC Financial Services Group Inc. increased its holdings in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after purchasing an additional 2,137 shares during the last quarter. Trust Co. of Vermont acquired a new stake in Liberty Global in the 2nd quarter valued at approximately $76,000. Chicago Partners Investment Group LLC purchased a new stake in Liberty Global in the third quarter valued at approximately $105,000. Finally, AlphaCore Capital LLC purchased a new stake in Liberty Global in the third quarter valued at approximately $127,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LBTYA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 29th. Barclays reduced their price target on shares of 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. UBS Group lowered their price objective 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. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Liberty Global currently has a consensus rating of “Hold” and an average price target of $12.78.

Liberty Global Company Profile

Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products.

The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium.