Liberty Global (NASDAQ:LBTYK) Issues Earnings Results

Liberty Global (NASDAQ:LBTYK) released its quarterly earnings results on Wednesday. The company reported $1.32 earnings per share for the quarter, Zacks reports. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The firm had revenue of $1.95 billion for the quarter.

Liberty Global Trading Up 2.1 %

NASDAQ LBTYK traded up $0.36 during trading on Thursday, hitting $17.14. The company had a trading volume of 4,149,319 shares, compared to its average volume of 1,777,530. Liberty Global has a one year low of $16.26 and a one year high of $21.83. The company has a market cap of $6.47 billion, a price-to-earnings ratio of -1.79 and a beta of 1.12. The company’s fifty day moving average is $17.68 and its 200-day moving average is $18.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79.

Insider Activity

In other news, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the transaction, the chief accounting officer now directly owns 70,666 shares in the company, valued at $1,363,147.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Liberty Global news, Director J David Wargo sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares in the company, valued at approximately $2,769,615.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the transaction, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last quarter. 9.86% of the stock is owned by company insiders.

Analyst Ratings Changes

LBTYK has been the topic of a number of research reports. StockNews.com downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. TheStreet upgraded Liberty Global from a “d+” rating to a “c-” rating in a research report on Wednesday, January 24th.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.