Liberty Global (NASDAQ:LBTYA) CEO Michael Fries Buys 110,000 Shares of Company Stock

Liberty Global Ltd (NASDAQ:LBTYA) CEO Michael Fries acquired 110,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average price of $9.37 per share, with a total value of $1,030,700.00. Following the purchase, the chief executive officer directly owned 1,238,525 shares in the company, valued at approximately $11,604,979.25. This represents a 9.75% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $9.71 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.31 billion, a P/E ratio of -1.31 and a beta of 1.06. Liberty Global Ltd has a 12-month low of $7.36 and a 12-month high of $13.52. The firm has a 50-day moving average price of $9.24 and a two-hundred day moving average price of $10.97.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.59%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. Analysts anticipate that Liberty Global Ltd will post -1.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LBTYA. UBS Group reduced their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Barclays dropped their price objective on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, October 20th. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, October 20th. Finally, Wall Street Zen upgraded Liberty Global to a “sell” rating in a research report on Saturday, October 17th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.78.

Hedge Funds Weigh In On Liberty Global

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its position in shares of Liberty Global by 42.1% in the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after buying an additional 1,360 shares in the last quarter. Waverly Advisors LLC boosted its position in shares of Liberty Global by 10.4% during the 2nd quarter. Waverly Advisors LLC now owns 16,381 shares of the company’s stock worth $186,000 after acquiring an additional 1,547 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Liberty Global by 54.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock worth $74,000 after acquiring an additional 2,137 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Liberty Global by 26.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock worth $160,000 after acquiring an additional 2,926 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Liberty Global by 31.4% in the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock valued at $140,000 after acquiring an additional 3,668 shares during the last quarter. 37.20% of the stock is owned by institutional investors.

About Liberty Global

Liberty Global plc is an international telecommunications and media company that invests in and operates broadband, mobile, fixed-line, video and related digital services. Its offerings generally include high-speed internet, television, telephony, mobile connectivity and business communications services for residential and enterprise customers.

The company has operations and strategic investments across Europe. Its portfolio includes Sunrise in Switzerland and Telenet in Belgium, as well as 50% interests in Virgin Media O2 in the United Kingdom, a joint venture with Telefónica, and VodafoneZiggo in the Netherlands, a joint venture with Vodafone.