Liberty Global (NASDAQ:LBTYK) Stock: Insider John Malone Acquires 51,296 Shares

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone acquired 51,296 shares of the firm’s stock in a transaction that occurred on Friday, November 6th. The stock was acquired at an average cost of $9.68 per share, with a total value of $496,545.28. Following the completion of the acquisition, the insider directly owned 9,119,039 shares in the company, valued at approximately $88,272,297.52. This represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Global Stock Up 4.2%

Shares of Liberty Global stock opened at $10.43 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 0.84. Liberty Global Ltd has a 1-year low of $7.32 and a 1-year high of $13.12. The business’s fifty day moving average price is $9.02 and its two-hundred day moving average price is $10.69. The company has a market capitalization of $3.56 billion, a P/E ratio of -1.41 and a beta of 1.00.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings raised Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP raised its holdings in Liberty Global by 51.3% during the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after buying an additional 3,137,779 shares during the period. Dimensional Fund Advisors LP increased its stake in Liberty Global by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after buying an additional 238,052 shares during the period. ACR Alpine Capital Research LLC purchased a new stake in shares of Liberty Global during the 3rd quarter worth about $90,333,000. Envestnet Asset Management Inc. raised 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 in the last quarter. Finally, Private Management Group Inc. bought a new stake in Liberty Global in the third quarter worth $14,926,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

About Liberty Global

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.