Liberty Global (NASDAQ:LBTYK) Stock: Insider Michael Fries Buys 110,000 Shares

Liberty Global Ltd (NASDAQ:LBTYK) CEO Michael Fries purchased 110,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average price of $9.37 per share, for a total transaction of $1,030,700.00. Following the completion of the purchase, the chief executive officer owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. This represents a 9.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Global Stock Up 1.1%

Shares of NASDAQ LBTYK traded up $0.10 during mid-day trading on Thursday, reaching $9.45. The company had a trading volume of 938,469 shares, compared to its average volume of 1,457,686. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $9.07 and a two-hundred day simple moving average of $10.71. The stock has a market cap of $3.22 billion, a P/E ratio of -1.28 and a beta of 1.00. Liberty Global Ltd has a 52-week low of $7.32 and a 52-week high of $13.12.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut 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 research report on Friday, October 16th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Sterling Capital Management LLC acquired a new stake in shares of Liberty Global during the third quarter worth about $33,000. AlphaCore Capital LLC purchased a new position in shares of Liberty Global during the third quarter worth about $37,000. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Liberty Global in the 1st quarter valued at about $42,000. Allworth Financial LP increased its position in Liberty Global by 52.1% in the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after acquiring an additional 1,509 shares during the period. Finally, Versant Capital Management Inc increased its position in Liberty Global by 90.2% in the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after acquiring an additional 2,292 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.