Liberty Global (NASDAQ:LBTYK) Stock: Insider John Malone Buys 98,704 Shares

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone bought 98,704 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was purchased at an average price of $9.76 per share, for a total transaction of $963,351.04. Following the completion of the transaction, the insider directly owned 9,217,743 shares of the company’s stock, valued at $89,965,171.68. This represents a 1.08% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $10.43 on Thursday. The stock has a 50 day moving average of $9.02 and a 200 day moving average of $10.69. Liberty Global Ltd has a 12 month low of $7.32 and a 12 month high of $13.12. The firm has a market cap of $3.56 billion, a PE ratio of -1.41 and a beta of 1.00. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.81.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rubric Capital Management LP lifted its stake in shares of Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock valued at $108,612,000 after purchasing an additional 3,137,779 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 238,052 shares during the last quarter. ACR Alpine Capital Research LLC purchased a new stake in Liberty Global during the 3rd quarter valued at $90,333,000. Envestnet Asset Management Inc. increased its position in 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 acquiring an additional 127,220 shares during the last quarter. Finally, Private Management Group Inc. purchased a new stake in shares of Liberty Global in the third quarter valued at $14,926,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LBTYK. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen cut shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Liberty Global has a consensus rating of “Sell”.

Liberty Global Company Profile

Liberty Global is an international telecommunications company focused on broadband, video and mobile services. It provides connectivity and entertainment to residential and business customers through operating companies and joint ventures, including Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands, Telenet in Belgium and Sunrise in Switzerland. The company traces its roots to the 2005 merger of UnitedGlobalCom and Liberty Media International. In addition to its telecommunications businesses, Liberty Global invests in communications infrastructure and technology companies.