Liberty Global (NASDAQ:LBTYK) Releases Quarterly Earnings Results, Misses Estimates By $0.59 EPS

Liberty Global (NASDAQ:LBTYK) released its quarterly earnings results on Friday. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59), Zacks reports. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Stock Performance

Shares of NASDAQ LBTYK traded down $0.53 during trading hours on Friday, hitting $9.45. 1,473,522 shares of the stock were exchanged, compared to its average volume of 1,232,782. Liberty Global has a one year low of $9.43 and a one year high of $13.12. The company’s 50 day moving average is $11.05 and its 200 day moving average is $11.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $3.19 billion, a P/E ratio of -0.59 and a beta of 0.89.

Analyst Ratings Changes

A number of analysts have weighed in on LBTYK shares. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Global presently has an average rating of “Sell”.

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 9.86% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in Liberty Global by 22.5% during the 1st quarter. Royal Bank of Canada now owns 33,798 shares of the company’s stock valued at $405,000 after purchasing an additional 6,217 shares during the period. AQR Capital Management LLC increased its position in Liberty Global by 18.0% in the 1st quarter. AQR Capital Management LLC now owns 80,872 shares of the company’s stock worth $963,000 after buying an additional 12,330 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after buying an additional 3,808 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after acquiring an additional 832,838 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Liberty Global by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company’s stock valued at $7,743,000 after acquiring an additional 15,121 shares during the period. 46.10% of the stock is currently owned by institutional investors.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra?fast broadband, pay television, voice services and mobile offerings.