Liberty Global (NASDAQ:LILAK) Issues Quarterly Earnings Results

Liberty Global (NASDAQ:LILAK) posted its earnings results on Wednesday. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41), Zacks reports. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Liberty Global Stock Down 0.7%

Shares of NASDAQ LILAK traded down $0.06 during midday trading on Wednesday, reaching $8.61. 1,671,822 shares of the company were exchanged, compared to its average volume of 1,588,984. The stock’s 50-day moving average price is $8.42 and its 200-day moving average price is $8.04. The stock has a market cap of $1.69 billion, a P/E ratio of -17.57 and a beta of 0.75. Liberty Global has a one year low of $4.76 and a one year high of $9.13.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Liberty Global from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. UBS Group assumed coverage on Liberty Global in a research report on Thursday, September 3rd. They set a “neutral” rating and a $9.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and a consensus target price of $9.00.

Insider Activity

In other news, Director Angoitia Alfonso De acquired 313,104 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the acquisition, the director directly owned 476,190 shares in the company, valued at $9,976,180.50. The trade was a 191.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John Malone acquired 113,704 shares of Liberty Global stock in a transaction that occurred on Monday, August 10th. The shares were purchased at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the transaction, the director directly owned 1,351,126 shares in the company, valued at $13,673,395.12. The trade was a 9.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 970,439 shares of company stock worth $16,180,721. Insiders own 9.66% of the company’s stock.

Liberty Global Company Profile

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.