Liberty Global (NASDAQ:LILAK) Issues Quarterly Earnings Results

Liberty Global (NASDAQ:LILAK) issued its earnings results on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.37), Zacks reports. The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Global had a negative net margin of 16.57% and a negative return on equity of 54.11%.

Liberty Global Stock Performance

Shares of LILAK stock traded up $0.93 on Thursday, hitting $8.76. 242,221 shares of the stock traded hands, compared to its average volume of 824,130. The company has a market capitalization of $1.75 billion, a PE ratio of -2.36 and a beta of 0.99. Liberty Global has a 1-year low of $4.23 and a 1-year high of $9.13. The company’s fifty day moving average is $7.74 and its 200 day moving average is $8.02. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

Institutional Trading of Liberty Global

A number of large investors have recently modified their holdings of LILAK. Raymond James Financial Inc. acquired a new stake in Liberty Global in the 2nd quarter valued at about $30,000. Headlands Technologies LLC boosted its holdings in Liberty Global by 85.9% during the second quarter. Headlands Technologies LLC now owns 8,515 shares of the company’s stock worth $53,000 after buying an additional 3,934 shares in the last quarter. Xponance LLC acquired a new position in Liberty Global in the fourth quarter worth approximately $75,000. Tower Research Capital LLC TRC increased its holdings in shares of Liberty Global by 33.1% in the second quarter. Tower Research Capital LLC TRC now owns 12,666 shares of the company’s stock valued at $79,000 after buying an additional 3,150 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in shares of Liberty Global in the fourth quarter valued at $84,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LILAK. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of Liberty Global from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Global has an average rating of “Reduce” and an average target price of $8.20.

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.