Liberty Global (NASDAQ:LBTYA) Releases Quarterly Earnings Results, Beats Estimates By $1.31 EPS
by Scott Moore · The Cerbat GemLiberty Global (NASDAQ:LBTYA – Get Free Report) released its quarterly earnings data on Friday. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $1.31, Zacks reports. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.
Liberty Global Stock Up 3.3%
NASDAQ LBTYA traded up $0.38 during trading on Friday, hitting $11.96. The stock had a trading volume of 4,660,966 shares, compared to its average volume of 2,053,871. The company has a market capitalization of $4.01 billion, a PE ratio of -0.57 and a beta of 0.90. The company’s 50-day moving average price is $12.29 and its two-hundred day moving average price is $11.46. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. Liberty Global has a 12 month low of $9.02 and a 12 month high of $13.52.
Wall Street Analysts Forecast Growth
Several research firms have commented on LBTYA. UBS Group boosted their target price on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Global has an average rating of “Hold” and a consensus price target of $14.40.
View Our Latest Stock Report on Liberty Global
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in LBTYA. AQR Capital Management LLC increased its position in shares of Liberty Global by 75.0% during the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after purchasing an additional 5,751,520 shares during the last quarter. Rubric Capital Management LP increased its position in shares of Liberty Global by 29.3% during the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock worth $111,605,000 after purchasing an additional 2,268,065 shares during the last quarter. Millennium Management LLC increased its position in shares of Liberty Global by 124.1% during the 4th quarter. Millennium Management LLC now owns 2,149,639 shares of the company’s stock worth $23,947,000 after purchasing an additional 1,190,464 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Liberty Global during the 2nd quarter worth approximately $8,098,000. Finally, UBS Group AG increased its position in shares of Liberty Global by 63.6% during the 3rd quarter. UBS Group AG now owns 1,910,716 shares of the company’s stock worth $21,897,000 after purchasing an additional 742,867 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.
Liberty Global Company Profile
Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.
The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.