Liberty Global (NASDAQ:LILAK) Announces Earnings Results

Liberty Global (NASDAQ:LILAK) released its quarterly 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. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Global had a negative net margin of 3.86% and a negative return on equity of 8.50%.

Liberty Global Trading Up 0.4%

NASDAQ:LILAK traded up $0.04 on Friday, hitting $8.95. 2,755,175 shares of the company’s stock traded hands, compared to its average volume of 1,238,057. Liberty Global has a 1 year low of $4.76 and a 1 year high of $9.27. The firm has a 50-day moving average price of $8.43 and a 200-day moving average price of $8.05. The company has a market cap of $1.75 billion, a PE ratio of -9.62 and a beta of 0.75.

Analyst Ratings Changes

LILAK has been the subject of a number of research analyst reports. Citigroup boosted their price target on 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 shares of Liberty Global in a report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, October 15th. Two research 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, the stock has a consensus rating of “Reduce” and an average target price of $9.00.

Insider Buying and Selling

In related news, Director John C. Malone acquired 21,013 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the purchase, the director owned 1,412,175 shares in the company, valued at $12,681,331.50. This represents a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Angoitia Alfonso De bought 313,104 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the transaction, the director owned 476,190 shares in the company, valued at approximately $9,976,180.50. This represents a 191.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 867,111 shares of company stock valued at $14,427,245 over the last three months. 9.66% of the stock is owned by insiders.

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.