Insider Buying: Liberty Global (NASDAQ:LBTYA) CEO Purchases $1,030,700.00 in Stock

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

Liberty Global Trading Up 2.0%

Shares of Liberty Global stock opened at $9.90 on Friday. The business has a fifty day simple moving average of $9.23 and a 200-day simple moving average of $10.97. Liberty Global Ltd has a fifty-two week low of $7.36 and a fifty-two week high of $13.52. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -1.34 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 0.84 and a debt-to-equity ratio of 1.81.

Liberty Global (NASDAQ:LBTYA) last released its earnings results 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. Liberty Global had a negative return on equity of 25.14% and a negative net margin of 44.40%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. On average, equities analysts forecast that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Barclays reduced their target price on shares of Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. UBS Group decreased their price target on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday. Finally, New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Liberty Global currently has an average rating of “Hold” and a consensus price target of $12.78.

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently made changes to their positions in the company. Lancaster Investment Management acquired a new stake in shares of Liberty Global in the 3rd quarter valued at $34,336,000. ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 9.7% during the 1st quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after purchasing an additional 2,097,847 shares during the last quarter. Rubric Capital Management LP lifted its holdings in Liberty Global by 17.3% during the 1st quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock valued at $142,092,000 after purchasing an additional 1,734,423 shares during the last quarter. Troluce Capital Advisors LLC acquired a new position in Liberty Global in the first quarter valued at about $9,759,000. Finally, Dimensional Fund Advisors LP boosted its position in Liberty Global by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock valued at $106,782,000 after buying an additional 521,750 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.