Liberty Global (NASDAQ:LBTYA) Major Shareholder John Malone Purchases 98,704 Shares of Company Stock

Liberty Global Ltd (NASDAQ:LBTYA) major shareholder John Malone purchased 98,704 shares of Liberty Global stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average cost of $9.76 per share, for a total transaction of $963,351.04. Following the completion of the purchase, the insider owned 9,217,743 shares of the company’s stock, valued at $89,965,171.68. This trade represents a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Liberty Global Price Performance

LBTYA opened at $10.26 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.81. The company has a market cap of $3.50 billion, a price-to-earnings ratio of -1.39 and a beta of 1.06. The stock has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $10.97. Liberty Global Ltd has a 12-month low of $7.36 and a 12-month high of $13.52.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of Liberty Global by 42.1% in the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock worth $52,000 after purchasing an additional 1,360 shares during the last quarter. Waverly Advisors LLC grew its position in Liberty Global by 10.4% during the 2nd quarter. Waverly Advisors LLC now owns 16,381 shares of the company’s stock valued at $186,000 after purchasing an additional 1,547 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Liberty Global by 54.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock valued at $74,000 after purchasing an additional 2,137 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Liberty Global by 26.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock valued at $160,000 after purchasing an additional 2,926 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Liberty Global by 31.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock valued at $140,000 after purchasing an additional 3,668 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors.

About Liberty Global

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.