Liberty Global (NASDAQ:LBTYA) Major Shareholder John Malone Buys 51,296 Shares of Company Stock

Liberty Global Ltd (NASDAQ:LBTYA) major shareholder John Malone purchased 51,296 shares of the company’s stock in a transaction dated Friday, November 6th. The shares were purchased at an average cost of $9.68 per share, for a total transaction of $496,545.28. Following the transaction, the insider directly owned 9,119,039 shares in the company, valued at approximately $88,272,297.52. This represents a 0.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Liberty Global Trading Up 2.7%

NASDAQ LBTYA opened at $10.26 on Wednesday. Liberty Global Ltd has a one year low of $7.36 and a one year high of $13.52. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -1.39 and a beta of 1.06. The company’s 50-day simple moving average is $9.21 and its two-hundred day simple moving average is $10.97.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. Equities analysts forecast that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP lifted its position in Liberty Global by 17.3% during the 1st quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after acquiring an additional 1,734,423 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Global by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after purchasing an additional 521,750 shares during the period. Lancaster Investment Management acquired a new position in shares of Liberty Global in the third quarter valued at about $34,336,000. State Street Corp increased its holdings in shares of Liberty Global by 8.4% in the second quarter. State Street Corp now owns 3,245,059 shares of the company’s stock valued at $36,896,000 after purchasing an additional 251,727 shares during the period. Finally, First Wilshire Securities Management Inc. raised its stake in shares of Liberty Global by 1.5% in the first quarter. First Wilshire Securities Management Inc. now owns 2,341,419 shares of the company’s stock worth $28,308,000 after purchasing an additional 34,019 shares during the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. UBS Group reduced their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, October 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Barclays decreased their price objective on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.78.

Liberty Global Company Profile

Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products. The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium. Liberty Global also invests in communications infrastructure and technology businesses.