Liberty Global (NASDAQ:LBTYK) Announces Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYK) issued its quarterly earnings data on Friday. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59), Zacks reports. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.

Liberty Global Price Performance

Liberty Global stock traded down $0.52 during mid-day trading on Friday, reaching $9.46. The company had a trading volume of 1,597,539 shares, compared to its average volume of 1,233,810. The business has a fifty day simple moving average of $11.05 and a 200 day simple moving average of $11.37. The company has a market cap of $3.20 billion, a P/E ratio of -0.59 and a beta of 0.89. Liberty Global has a fifty-two week low of $9.41 and a fifty-two week high of $13.12. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LBTYK shares. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp grew its holdings in Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after acquiring an additional 3,808 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Liberty Global by 161.6% during the third quarter. US Bancorp DE now owns 10,792 shares of the company’s stock worth $127,000 after purchasing an additional 6,667 shares during the period. Parallel Advisors LLC grew its stake in shares of Liberty Global by 33.7% in the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock worth $126,000 after purchasing an additional 2,885 shares during the last quarter. Amundi acquired a new stake in Liberty Global in the fourth quarter valued at $133,000. Finally, Arkadios Wealth Advisors raised its position in Liberty Global by 9.7% during the 4th quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock worth $144,000 after purchasing an additional 1,157 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra?fast broadband, pay television, voice services and mobile offerings.