Liberty Global (NASDAQ:LILAK) Releases Quarterly Earnings Results

Liberty Global (NASDAQ:LILAK) released its earnings results on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, Zacks reports. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 54.11%.

Liberty Global Stock Down 1.3%

NASDAQ LILAK traded down $0.10 during trading hours on Wednesday, hitting $7.83. The company’s stock had a trading volume of 791,516 shares, compared to its average volume of 848,732. The company has a market capitalization of $1.57 billion, a PE ratio of -2.12 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Global has a 52 week low of $4.23 and a 52 week high of $9.13. The company’s 50-day simple moving average is $7.75 and its two-hundred day simple moving average is $8.02.

Institutional Trading of Liberty Global

Several institutional investors have recently made changes to their positions in LILAK. Raymond James Financial Inc. purchased a new position in Liberty Global during the second quarter worth about $30,000. Headlands Technologies LLC lifted its position in shares of Liberty Global by 85.9% during the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC purchased a new position in shares of Liberty Global in the 4th quarter worth approximately $75,000. CIBC Asset Management Inc bought a new position in shares of Liberty Global in the fourth quarter valued at approximately $84,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Liberty Global in the third quarter valued at approximately $98,000. Institutional investors own 52.98% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Wall Street Zen cut Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $8.20.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.