Liberty Global (NASDAQ:LBTYK) CEO Michael Fries Buys 110,000 Shares of Stock

Liberty Global Ltd (NASDAQ:LBTYK) CEO Michael Fries purchased 110,000 shares of the stock in a transaction dated Wednesday, November 4th. The shares were acquired at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the completion of the acquisition, the chief executive officer directly owned 1,238,525 shares of the company’s stock, valued at approximately $11,604,979.25. This trade represents a 9.75% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $9.52 on Friday. The stock has a market cap of $3.25 billion, a P/E ratio of -1.29 and a beta of 1.00. The firm’s 50-day simple moving average is $9.05 and its 200 day simple moving average is $10.70. Liberty Global Ltd has a fifty-two week low of $7.32 and a fifty-two week high of $13.12. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%.

Institutional Trading of Liberty Global

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Liberty Global presently 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.