Liberty Global (NASDAQ:LBTYA) Major Shareholder Acquires $496,545.28 in Stock

Liberty Global Ltd (NASDAQ:LBTYA) major shareholder John Malone acquired 51,296 shares of the business’s stock in a transaction on Friday, November 6th. The shares were purchased at an average price of $9.68 per share, for a total transaction of $496,545.28. Following the transaction, the insider directly owned 9,119,039 shares of the company’s stock, valued at approximately $88,272,297.52. The trade was a 0.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty Global Stock Performance

Shares of LBTYA opened at $10.64 on Friday. Liberty Global Ltd has a twelve month low of $7.36 and a twelve month high of $13.52. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day simple moving average is $9.21 and its 200-day simple moving average is $10.96.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates 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. On average, equities research analysts expect that Liberty Global Ltd will post -1.47 earnings per share for the current year.

Institutional Trading of Liberty Global

Large investors have recently made changes to their positions in the stock. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Liberty Global in the third quarter worth about $434,000. Gamco Investors INC. ET AL purchased a new position in Liberty Global in the 3rd quarter worth about $18,087,000. State Street Corp increased its stake in Liberty Global by 48.6% in the 3rd quarter. State Street Corp now owns 4,823,144 shares of the company’s stock worth $44,035,000 after buying an additional 1,578,085 shares during the period. Advisors Asset Management Inc. purchased a new position in Liberty Global in the 3rd quarter worth about $93,000. Finally, Private Advisor Group LLC bought a new stake in Liberty Global during the 3rd quarter valued at about $351,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LBTYA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 29th. UBS Group dropped their target price 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. Barclays cut their target price on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Finally, New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.78.

About Liberty Global

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. Liberty Global also invests in communications infrastructure and technology businesses.