Liberty Global (NASDAQ:LILAK) Announces Earnings Results

Liberty Global (NASDAQ:LILAK) issued its quarterly earnings results on Wednesday. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.41), Zacks reports. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 2.20%.

Liberty Global Price Performance

Shares of LILAK stock traded down $0.06 during mid-day trading on Wednesday, hitting $8.61. The company had a trading volume of 1,671,822 shares, compared to its average volume of 1,588,984. Liberty Global has a 52-week low of $4.76 and a 52-week high of $9.13. The stock’s 50 day moving average price is $8.42 and its 200-day moving average price is $8.04. The company has a market capitalization of $1.69 billion, a P/E ratio of -17.57 and a beta of 0.75.

Insider Buying and Selling

In related news, Director John Malone bought 113,704 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $10.12 per share, with a total value of $1,150,684.48. Following the completion of the purchase, the director owned 1,351,126 shares of the company’s stock, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles Bracken sold 42,975 shares of Liberty Global stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.57, for a total transaction of $368,295.75. The SEC filing for this sale provides additional information. Over the last quarter, insiders purchased 970,439 shares of company stock worth $16,180,721. 9.66% of the stock is owned by insiders.

Analysts Set New Price Targets

LILAK has been the topic of several research analyst reports. UBS Group began coverage on Liberty Global in a research report on Thursday, September 3rd. They issued a “neutral” rating and a $9.00 price objective on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 15th. Finally, Citigroup increased their target price on Liberty Global from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $9.00.

Liberty Global Company Profile

NASDAQ:LILAK represents Class C ordinary shares of Liberty Latin America Ltd., not Liberty Global Ltd. Liberty Latin America is a telecommunications company serving customers across Latin America and the Caribbean. Its operations include broadband internet, mobile and fixed-line voice services, pay television, and business communications services.

The company provides connectivity and entertainment products to residential customers and offers data, voice, managed services, and information-technology solutions to businesses and government organizations.