Liberty Global (NASDAQ:LBTYK) Announces Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYK) announced its quarterly earnings data on Friday. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $1.31, Zacks reports. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion.

Liberty Global Stock Performance

Shares of LBTYK stock opened at $11.77 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. Liberty Global has a fifty-two week low of $9.21 and a fifty-two week high of $13.12. The stock has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $11.35. The company has a market capitalization of $3.94 billion, a P/E ratio of -0.74 and a beta of 0.87.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Liberty Global by 22.5% during the first quarter. Royal Bank of Canada now owns 33,798 shares of the company’s stock valued at $405,000 after acquiring an additional 6,217 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Liberty Global by 18.0% during the first quarter. AQR Capital Management LLC now owns 80,872 shares of the company’s stock valued at $963,000 after acquiring an additional 12,330 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after acquiring an additional 3,808 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Liberty Global by 140.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after acquiring an additional 832,838 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Liberty Global by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company’s stock valued at $7,743,000 after acquiring an additional 15,121 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.