Liberty Global (NASDAQ:LBTYK) Major Shareholder Acquires $963,351.04 in Stock

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone acquired 98,704 shares of Liberty Global stock in a transaction dated Monday, November 9th. The shares were bought 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 directly owned 9,217,743 shares of the company’s stock, valued at approximately $89,965,171.68. The trade was a 1.08% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Global Trading Down 0.5%

LBTYK opened at $10.38 on Friday. Liberty Global Ltd has a 12 month low of $7.32 and a 12 month high of $13.12. 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 business’s 50-day moving average price is $9.02 and its 200-day moving average price is $10.69.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, beating the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a research note 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 research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Liberty Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its holdings in shares of Liberty Global by 52.1% during the second quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock worth $48,000 after purchasing an additional 1,509 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Liberty Global by 44.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,804 shares of the company’s stock valued at $59,000 after purchasing an additional 2,100 shares during the period. Versant Capital Management Inc increased its holdings in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after purchasing an additional 2,292 shares during the period. Royal Bank of Canada increased its holdings in Liberty Global by 31.7% during the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock valued at $111,000 after purchasing an additional 2,299 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Liberty Global by 26.4% during the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after purchasing an additional 3,442 shares during the last quarter. 46.10% of the stock is owned by institutional investors.

About Liberty Global

Liberty Global is an international telecommunications company focused on broadband, video and mobile services. It provides connectivity and entertainment to residential and business customers through operating companies and joint ventures, including Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland. The company traces its roots to the 2005 merger of UnitedGlobalCom and Liberty Media International. In addition to its telecommunications businesses, Liberty Global invests in communications infrastructure and technology companies.