Liberty Global (LILAK) Expected to Announce Quarterly Earnings on Wednesday

Liberty Global (NASDAQ:LILAK) is expected to be releasing its results after the market closes on Wednesday, August 5th. Analysts expect Liberty Global to post earnings of $0.0235 per share and revenue of $1.0945 billion for the quarter.

Liberty Global (NASDAQ:LILAK) last released its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15). Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Liberty Global Trading Up 2.4%

LILAK stock opened at $8.38 on Thursday. Liberty Global has a 12-month low of $4.76 and a 12-month high of $9.13. The business’s 50-day moving average is $7.41 and its 200 day moving average is $7.82. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -3.38 and a beta of 0.72.

Analysts Set New Price Targets

Several brokerages recently commented on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 17th. Wall Street Zen cut shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Citigroup reaffirmed a “neutral” rating and set a $8.00 target price (up from $6.45) on shares of Liberty Global in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Liberty Global has a consensus rating of “Reduce” and an average price target of $8.10.

Insider Transactions at Liberty Global

In related news, Director Brendan J. Paddick bought 100,000 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 1,559,542 shares in the company, valued at $7,610,564.96. This represents a 6.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John M. Winter bought 5,071 shares of the business’s stock in a transaction on Friday, June 26th. The stock was bought at an average cost of $19.67 per share, with a total value of $99,746.57. Following the completion of the purchase, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. The trade was a 8.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 14,820,228 shares of company stock valued at $121,249,631. 9.66% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Global

A number of hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Liberty Global during the second quarter worth about $30,000. Headlands Technologies LLC grew its stake in shares of Liberty Global by 85.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares during the period. Xponance LLC acquired a new stake in shares of Liberty Global during the 4th quarter worth approximately $75,000. Tower Research Capital LLC TRC raised its position in shares of Liberty Global by 33.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock valued at $79,000 after buying an additional 3,150 shares during the period. Finally, CIBC Asset Management Inc purchased a new stake in shares of Liberty Global during the 4th quarter valued at approximately $84,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.