Liberty Global (NASDAQ:LBTYK) Issues Earnings Results, Beats Expectations By $1.31 EPS

Liberty Global (NASDAQ:LBTYK) released its quarterly earnings data on Friday. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31, Zacks reports. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 58.32%.

Liberty Global Stock Up 3.8%

NASDAQ:LBTYK traded up $0.43 during mid-day trading on Friday, reaching $11.77. The company’s stock had a trading volume of 1,372,782 shares, compared to its average volume of 1,463,193. Liberty Global has a 1 year low of $9.21 and a 1 year high of $13.12. The stock has a fifty day moving average of $11.94 and a 200-day moving average of $11.34. The firm has a market capitalization of $3.94 billion, a PE ratio of -0.57 and a beta of 0.87. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.79.

Institutional Trading of Liberty Global

Hedge funds have recently added to or reduced their stakes in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Liberty Global during the second quarter valued at about $21,833,000. Rubric Capital Management LP grew its holdings in Liberty Global by 34.9% in the fourth quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company’s stock worth $67,582,000 after purchasing an additional 1,583,012 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Liberty Global by 269.2% in the fourth quarter. State of Wisconsin Investment Board now owns 1,245,174 shares of the company’s stock valued at $13,747,000 after buying an additional 907,906 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock worth $17,059,000 after acquiring an additional 832,838 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Liberty Global during the fourth quarter worth about $6,230,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Company Profile

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.