Liberty Global (NASDAQ:LBTYK) Major Shareholder Buys $496,545.28 in Stock

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone acquired 51,296 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $9.68 per share, for a total transaction of $496,545.28. Following the acquisition, the insider owned 9,119,039 shares of the company’s stock, valued at $88,272,297.52. The trade was a 0.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Liberty Global Stock Down 0.5%

Shares of NASDAQ LBTYK opened at $10.38 on Friday. The firm has a 50 day moving average of $9.02 and a 200 day moving average of $10.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84. Liberty Global Ltd has a 12-month low of $7.32 and a 12-month high of $13.12.

Liberty Global (NASDAQ:LBTYK) last released 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.71 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LBTYK shares. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC purchased a new position in Liberty Global during the third quarter valued at approximately $90,333,000. Rubric Capital Management LP boosted its position in shares of Liberty Global by 51.3% in the first quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock worth $92,857,000 after purchasing an additional 238,052 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Liberty Global by 3.6% in the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock worth $40,783,000 after purchasing an additional 127,220 shares in the last quarter. Finally, Private Management Group Inc. purchased a new stake in shares of Liberty Global in the third quarter worth $14,926,000. Institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global is an international telecommunications company focused on broadband, video and mobile services. It provides connectivity and entertainment to residential and business customers through operating companies and joint ventures, including Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland. The company traces its roots to the 2005 merger of UnitedGlobalCom and Liberty Media International. In addition to its telecommunications businesses, Liberty Global invests in communications infrastructure and technology companies.