Liberty Global (NASDAQ:LILAK) Posts Earnings Results, Misses Expectations By $0.15 EPS

Liberty Global (NASDAQ:LILAK) announced its quarterly earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.15), Zacks reports. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Liberty Global Trading Down 2.1%

Liberty Global stock traded down $0.17 during trading on Friday, hitting $7.82. The company had a trading volume of 891,019 shares, compared to its average volume of 610,789. Liberty Global has a 1-year low of $4.36 and a 1-year high of $9.13. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $8.10. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -3.15 and a beta of 0.72.

Wall Street Analysts Forecast Growth

LILAK has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.20.

Insiders Place Their Bets

In related news, CAO Brian D. Zook sold 94,494 shares of Liberty Global stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the sale, the chief accounting officer owned 6,813 shares in the company, valued at approximately $54,776.52. This trade represents a 93.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Global

Several institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC increased its holdings in Liberty Global by 5.4% in the 4th quarter. Headlands Technologies LLC now owns 43,986 shares of the company’s stock valued at $328,000 after purchasing an additional 2,253 shares during the last quarter. Legal & General Group Plc increased its holdings in Liberty Global by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 158,315 shares of the company’s stock valued at $985,000 after purchasing an additional 2,533 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Liberty Global by 33.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock valued at $79,000 after purchasing an additional 3,150 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Liberty Global by 8.3% in the 4th quarter. Hsbc Holdings PLC now owns 41,840 shares of the company’s stock valued at $309,000 after purchasing an additional 3,194 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Liberty Global by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 77,003 shares of the company’s stock valued at $478,000 after purchasing an additional 3,234 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

About Liberty Global

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.