Liberty Global (NASDAQ:LBTYK) Major Shareholder John Malone Purchases 51,296 Shares of Stock

Liberty Global Ltd (NASDAQ:LBTYK) major shareholder John Malone purchased 51,296 shares of the business’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of $9.68 per share, for a total transaction of $496,545.28. Following the acquisition, the insider owned 9,119,039 shares of the company’s stock, valued at approximately $88,272,297.52. This represents a 0.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty Global Trading Up 2.9%

NASDAQ LBTYK opened at $10.01 on Wednesday. The business has a 50 day moving average price of $9.01 and a 200-day moving average price of $10.69. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84. Liberty Global Ltd has a 52 week low of $7.32 and a 52 week high of $13.12.

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

Hedge Funds Weigh In On Liberty Global

Several institutional investors have recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC bought a new stake in Liberty Global in the third quarter worth about $90,333,000. Rubric Capital Management LP boosted its stake in 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 acquiring an additional 3,137,779 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after acquiring an additional 238,052 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Liberty Global by 3.6% during the 2nd 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 during the period. Finally, Private Management Group Inc. bought a new position in shares of Liberty Global during the 3rd quarter valued at approximately $14,926,000. Institutional investors own 46.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on LBTYK shares. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Liberty Global has an average rating of “Sell”.

Liberty Global Company Profile

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.