Liberty Global (NASDAQ:LILAK) Issues Earnings Results

Liberty Global (NASDAQ:LILAK) announced its quarterly earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.15), Zacks reports. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Liberty Global Stock Performance

NASDAQ LILAK traded down $0.17 during trading on Friday, hitting $8.39. The stock had a trading volume of 1,032,229 shares, compared to its average volume of 1,121,755. The company has a market capitalization of $1.69 billion, a PE ratio of -17.12 and a beta of 0.71. The company’s 50-day moving average price is $7.43 and its two-hundred day moving average price is $7.85. Liberty Global has a 12 month low of $4.76 and a 12 month high of $9.13.

Insider Activity at Liberty Global

In other Liberty Global news, SVP John M. Winter acquired 5,071 shares of the stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the completion of the acquisition, the senior vice president directly owned 64,547 shares of the company’s stock, valued at approximately $1,269,639.49. This trade represents a 8.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone acquired 12,406,463 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 14,800,228 shares of company stock worth $121,088,231. 9.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

A number of large investors have recently modified their holdings of LILAK. Raymond James Financial Inc. bought a new stake in Liberty Global during the second quarter worth about $30,000. Headlands Technologies LLC grew its stake in shares of Liberty Global by 85.9% in the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock valued at $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC bought a new position in shares of Liberty Global in the fourth quarter valued at $75,000. Tower Research Capital LLC TRC increased its holdings in Liberty Global by 33.1% during the second quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock worth $79,000 after buying an additional 3,150 shares during the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Liberty Global in the 4th quarter valued at about $84,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup reaffirmed a “neutral” rating and issued a $8.00 price target (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $8.10.

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.