Liberty Global (NASDAQ:LILAK) Announces Earnings Results

Liberty Global (NASDAQ:LILAK) released its earnings results on Thursday. The company reported ($0.11) 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 the consensus estimate 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 Stock Performance

LILAK stock traded down $0.17 during midday trading on Friday, reaching $7.82. The company had a trading volume of 891,019 shares, compared to its average volume of 610,789. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The stock has a 50 day moving average price of $8.27 and a 200 day moving average price of $8.10. Liberty Global has a fifty-two week low of $4.36 and a fifty-two week high of $9.13. The firm has a market capitalization of $1.56 billion, a PE ratio of -3.15 and a beta of 0.72.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LILAK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $8.20.

Insider Buying and Selling at Liberty Global

In other news, CAO Brian D. Zook sold 94,494 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the sale, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This represents a 93.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several large investors have recently added to or reduced their stakes in LILAK. Hsbc Holdings PLC lifted its stake in Liberty Global by 8.3% in the fourth quarter. Hsbc Holdings PLC now owns 41,840 shares of the company’s stock valued at $309,000 after buying an additional 3,194 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of Liberty Global by 93.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 22,399 shares of the company’s stock worth $167,000 after acquiring an additional 10,829 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Liberty Global by 183.0% in the 4th quarter. Mackenzie Financial Corp now owns 194,876 shares of the company’s stock worth $1,455,000 after acquiring an additional 126,009 shares during the period. Empowered Funds LLC lifted its position in Liberty Global by 4.1% in the 4th quarter. Empowered Funds LLC now owns 767,042 shares of the company’s stock valued at $5,722,000 after purchasing an additional 29,870 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its position in Liberty Global by 41.2% in the 4th quarter. Voloridge Investment Management LLC now owns 175,936 shares of the company’s stock valued at $1,312,000 after purchasing an additional 51,361 shares during the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Global Company Profile

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.