Liberty Global (NASDAQ:LBTYK) Issues Quarterly Earnings Results

Liberty Global (NASDAQ:LBTYK) posted its earnings results on Wednesday. The company reported $1.32 EPS for the quarter, Zacks reports. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The business had revenue of $1.95 billion during the quarter.

Liberty Global Price Performance

LBTYK stock traded up $0.36 during mid-day trading on Thursday, hitting $17.14. The company had a trading volume of 4,149,319 shares, compared to its average volume of 1,777,530. The company has a 50-day moving average price of $17.68 and a 200 day moving average price of $18.14. Liberty Global has a 12-month low of $16.26 and a 12-month high of $21.83. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of -1.79 and a beta of 1.12. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.

Insider Transactions at Liberty Global

In related news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares in the company, valued at $1,363,147.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the sale, the executive vice president now directly owns 102,286 shares in the company, valued at approximately $1,810,462.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,629 shares of company stock valued at $2,046,783. 9.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LBTYK has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a report on Wednesday, January 24th.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.