Insider Buying: Liberty Global (NASDAQ:LBTYK) EVP Purchases $1,996,907.85 in Stock

Liberty Global Ltd (NASDAQ:LBTYK) EVP Enrique Rodriguez purchased 211,313 shares of the company’s stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average price of $9.45 per share, for a total transaction of $1,996,907.85. Following the purchase, the executive vice president directly owned 602,378 shares in the company, valued at approximately $5,692,472.10. The trade was a 54.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Global Trading Up 2.1%

Shares of LBTYK stock opened at $9.72 on Friday. Liberty Global Ltd has a 1 year low of $7.32 and a 1 year high of $13.12. The firm has a fifty day moving average price of $9.04 and a 200-day moving average price of $10.70. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 1.28. The company has a market cap of $3.32 billion, a price-to-earnings ratio of -1.32 and a beta of 1.00.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, topping the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion.

Institutional Trading of Liberty Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP boosted its stake in Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after purchasing an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 3.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after buying an additional 238,052 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in shares of Liberty Global during the third quarter valued at approximately $90,333,000. Envestnet Asset Management Inc. raised its position in shares of Liberty Global by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company’s stock valued at $40,783,000 after buying an additional 127,220 shares during the last quarter. Finally, Private Management Group Inc. bought a new stake in shares of Liberty Global during the third quarter valued at approximately $14,926,000. Institutional investors own 46.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LBTYK shares. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global’s principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.