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

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

Liberty Global Trading Up 3.8%

NASDAQ LBTYK traded up $0.43 during trading hours on Friday, hitting $11.77. 1,372,782 shares of the company’s stock were exchanged, compared to its average volume of 1,463,193. The stock has a 50-day simple moving average of $11.94 and a 200 day simple moving average of $11.34. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of -0.57 and a beta of 0.87. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global has a 1-year low of $9.21 and a 1-year high of $13.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after acquiring an additional 3,808 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Liberty Global by 33.7% in the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock worth $126,000 after acquiring an additional 2,885 shares in the last quarter. US Bancorp DE boosted its holdings in Liberty Global by 161.6% in the third quarter. US Bancorp DE now owns 10,792 shares of the company’s stock worth $127,000 after acquiring an additional 6,667 shares in the last quarter. Amundi bought a new position in Liberty Global in the fourth quarter worth approximately $133,000. Finally, M&T Bank Corp bought a new position in Liberty Global in the second quarter worth approximately $141,000. Institutional investors own 46.10% of the company’s stock.

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.