Liberty Global (LILAK) to Release Quarterly Earnings on Wednesday

Liberty Global (NASDAQ:LILAK) is projected to post its results after the market closes on Wednesday, August 5th. Analysts expect the company to post earnings of $0.0235 per share and revenue of $1.0945 billion for the quarter.

Liberty Global (NASDAQ:LILAK) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.15). Liberty Global had a negative return on equity of 43.70% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion.

Liberty Global Stock Performance

Shares of NASDAQ LILAK opened at $8.29 on Tuesday. The firm’s 50-day simple moving average is $7.41 and its 200 day simple moving average is $7.83. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -3.34 and a beta of 0.71. Liberty Global has a fifty-two week low of $4.76 and a fifty-two week high of $9.13.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LILAK shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 17th. Wall Street Zen lowered Liberty Global from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Citigroup restated a “neutral” rating and set a $8.00 price objective (up from $6.45) on shares of Liberty Global in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Liberty Global presently has an average rating of “Reduce” and an average price target of $8.10.

Insiders Place Their Bets

In other Liberty Global news, SVP John M. Winter bought 5,071 shares of the business’s stock in a transaction on Friday, June 26th. The stock was purchased at an average price of $19.67 per share, for a total transaction of $99,746.57. Following the completion of the transaction, the senior vice president directly owned 64,547 shares of the company’s stock, valued at $1,269,639.49. This trade represents a 8.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Balan Nair bought 164,914 shares of Liberty Global stock in a transaction dated Thursday, June 18th. The stock was acquired at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the purchase, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. This represents a 5.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 14,820,228 shares of company stock worth $121,249,631 in the last ninety days. 9.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Rubric Capital Management LP raised its holdings in Liberty Global by 3.9% during the 4th quarter. Rubric Capital Management LP now owns 10,656,935 shares of the company’s stock valued at $79,501,000 after acquiring an additional 400,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Liberty Global by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,557,181 shares of the company’s stock valued at $71,297,000 after purchasing an additional 351,410 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Liberty Global by 0.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,268,542 shares of the company’s stock valued at $9,463,000 after purchasing an additional 4,870 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Liberty Global by 71.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,144,678 shares of the company’s stock worth $8,539,000 after purchasing an additional 475,880 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Liberty Global by 4.1% in the 4th quarter. Empowered Funds LLC now owns 767,042 shares of the company’s stock worth $5,722,000 after purchasing an additional 29,870 shares during the period. 52.98% of the stock is owned by institutional investors.

Liberty Global Company Profile

Liberty Global plc is a leading international telecommunications and television company, offering video, broadband Internet, fixed-line and mobile services to residential and business customers. Headquartered in London and operating as an ADR on the NASDAQ under the ticker LILAK, the company focuses on developing advanced broadband networks and delivering entertainment and connectivity solutions across Europe.

The company’s core products include high-speed cable broadband, digital and interactive television, fixed-line telephony, and mobile services.