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

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone acquired 51,296 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $9.68 per share, for a total transaction of $496,545.28. Following the completion of the purchase, the insider owned 9,119,039 shares in the company, valued at $88,272,297.52. The trade was a 0.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty Global Stock Up 0.1%

Shares of NASDAQ LBTYK opened at $9.73 on Tuesday. The firm’s 50-day moving average is $9.02 and its two-hundred day moving average is $10.70. The company has a market capitalization of $3.32 billion, a PE ratio of -1.32 and a beta of 1.00. Liberty Global Ltd has a 12-month low of $7.32 and a 12-month high of $13.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) 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 return on equity of 25.59% and a negative net margin of 44.40%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LBTYK. HighTower Advisors LLC acquired a new stake in Liberty Global in the third quarter valued at approximately $91,000. Diversified Trust Co acquired a new stake in shares of Liberty Global during the 3rd quarter valued at approximately $713,000. Keybank National Association OH acquired a new position in shares of Liberty Global in the 3rd quarter valued at about $152,000. AlphaCore Capital LLC bought a new position in shares of Liberty Global during the third quarter worth about $37,000. Finally, Private Management Group Inc. bought a new stake in shares of Liberty Global during the third quarter valued at approximately $14,926,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LBTYK has been the topic of several recent analyst reports. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Liberty Global Company Profile