Liberty Global (NASDAQ:LBTYK) Major Shareholder Buys 98,704 Shares of Company Stock

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone bought 98,704 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average cost of $9.76 per share, for a total transaction of $963,351.04. Following the completion of the acquisition, the insider owned 9,217,743 shares in the company, valued at $89,965,171.68. This trade represents a 1.08% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Liberty Global Stock Up 0.1%

Shares of LBTYK opened at $9.73 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a 12-month low of $7.32 and a 12-month high of $13.12. The business’s 50 day moving average is $9.02 and its 200 day moving average is $10.70. The company has a market capitalization of $3.32 billion, a PE ratio of -1.32 and a beta of 1.00.

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 the consensus estimate of ($0.32) by $1.64. The firm 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 25.59%.

Analyst Upgrades and Downgrades

LBTYK has been the subject of several research reports. 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. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBTYK. ACR Alpine Capital Research LLC acquired a new stake in shares of Liberty Global during the 3rd quarter worth about $90,333,000. Rubric Capital Management LP raised its position in shares of Liberty Global by 51.3% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liberty Global by 3.1% during the first 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. Envestnet Asset Management Inc. boosted 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 worth $40,783,000 after acquiring an additional 127,220 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in Liberty Global during the third quarter worth approximately $14,926,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Company Profile