Liberty Global (NASDAQ:LILAK) Issues Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Liberty Global (NASDAQ:LILAK) posted its earnings results on Wednesday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.15), Zacks reports. Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.

Liberty Global Stock Down 0.4%

Liberty Global stock traded down $0.03 on Wednesday, hitting $8.26. The company’s stock had a trading volume of 1,091,829 shares, compared to its average volume of 1,329,499. Liberty Global has a one year low of $4.76 and a one year high of $9.13. The firm has a market cap of $1.66 billion, a P/E ratio of -3.33 and a beta of 0.71. The company has a fifty day moving average price of $7.42 and a 200-day moving average price of $7.85.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Liberty Global

In related news, Director Charles H. R. Bracken bought 4,900 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average cost of $20.50 per share, with a total value of $100,450.00. Following the acquisition, the director owned 18,867 shares in the company, valued at approximately $386,773.50. This represents a 35.08% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone bought 17,693 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $7.00 per share, with a total value of $123,851.00. Following the transaction, the director directly owned 3,725,813 shares in the company, valued at $26,080,691. This trade represents a 0.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 14,820,228 shares of company stock worth $121,249,631 in the last 90 days. 9.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently made changes to their positions in LILAK. Rubric Capital Management LP lifted its holdings in Liberty Global by 3.9% during the 4th quarter. Rubric Capital Management LP now owns 10,656,935 shares of the company’s stock valued at $79,501,000 after purchasing an additional 400,000 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Global by 3.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,557,181 shares of the company’s stock worth $71,297,000 after buying an additional 351,410 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Liberty Global by 0.4% during the fourth quarter. Bridgeway Capital Management LLC now owns 1,268,542 shares of the company’s stock worth $9,463,000 after buying an additional 4,870 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Liberty Global by 71.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company’s stock valued at $8,539,000 after acquiring an additional 475,880 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of Liberty Global by 4.1% in the fourth quarter. Empowered Funds LLC now owns 767,042 shares of the company’s stock valued at $5,722,000 after acquiring an additional 29,870 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Global Company Profile

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.