Liberty Global (NASDAQ:LBTYA) Posts Quarterly Earnings Results, Misses Estimates By $8.14 EPS

Liberty Global (NASDAQ:LBTYA) released its quarterly earnings results on Wednesday. The company reported ($8.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.46) by ($8.14), Zacks reports. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 54.89%.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $12.24 on Friday. The company has a fifty day moving average of $11.04 and a 200-day moving average of $11.19. The firm has a market capitalization of $4.12 billion, a P/E ratio of -0.59 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.60. Liberty Global has a twelve month low of $9.02 and a twelve month high of $13.52.

Analyst Ratings Changes

Several research firms have recently issued reports on LBTYA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a report on Thursday, January 22nd. UBS Group increased their price objective on shares of Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a research note on Wednesday, December 3rd. Finally, Citigroup raised their target price on shares of Liberty Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.40.

Insider Buying and Selling

In other Liberty Global news, CFO Charles H. R. Bracken sold 33,220 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.29% of the company’s stock.

Institutional Trading of Liberty Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of Liberty Global by 75.0% in the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after buying an additional 5,751,520 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of Liberty Global by 29.3% in the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock worth $111,605,000 after acquiring an additional 2,268,065 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Liberty Global by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,310,517 shares of the company’s stock valued at $92,581,000 after acquiring an additional 200,348 shares in the last quarter. Vanguard Group Inc. lifted its position in Liberty Global by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,365,307 shares of the company’s stock valued at $38,566,000 after acquiring an additional 39,179 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Liberty Global by 5.5% during the 4th quarter. Franklin Resources Inc. now owns 3,125,992 shares of the company’s stock valued at $34,824,000 after purchasing an additional 162,561 shares during the last quarter. Institutional investors own 37.20% of the company’s stock.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.