Liberty Global (NASDAQ:LBTYK) Releases Quarterly Earnings Results, Misses Expectations By $0.59 EPS

Liberty Global (NASDAQ:LBTYK) announced its earnings results on Friday. The company reported ($1.07) 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%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.33 billion.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $9.60 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global has a twelve month low of $9.30 and a twelve month high of $13.12. The business has a 50-day moving average price of $11.02 and a 200-day moving average price of $11.36. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of -0.60 and a beta of 0.89.

Insider Buying and Selling

In related news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the transaction, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.86% of the company’s stock.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Liberty Global during the second quarter valued at about $21,833,000. Rubric Capital Management LP lifted its position in shares of Liberty Global by 34.9% in the fourth quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company’s stock worth $67,582,000 after buying an additional 1,583,012 shares in the last quarter. State of Wisconsin Investment Board boosted its stake in Liberty Global by 269.2% during the fourth quarter. State of Wisconsin Investment Board now owns 1,245,174 shares of the company’s stock valued at $13,747,000 after buying an additional 907,906 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Liberty Global by 140.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after buying an additional 832,838 shares in the last quarter. Finally, Norges Bank bought a new stake in Liberty Global in the 4th quarter worth approximately $6,230,000. Institutional investors own 46.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LBTYK has been the topic of a number of analyst reports. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Liberty Global

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.