Insider Selling: Liberty Global (NASDAQ:LBTYA) Director Sells 55,000 Shares

Liberty Global Ltd (NASDAQ:LBTYA) Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA traded down $0.22 during trading on Thursday, hitting $11.19. 3,381,191 shares of the company were exchanged, compared to its average volume of 2,419,260. The company has a market cap of $3.78 billion, a PE ratio of -0.70 and a beta of 0.92. The stock has a 50 day moving average of $12.05 and a 200 day moving average of $11.71. Liberty Global Ltd has a 52-week low of $9.62 and a 52-week high of $13.52. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. As a group, equities research analysts predict that Liberty Global Ltd will post -1.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Pivotal Research reissued a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a report on Monday, May 4th. Zacks Research upgraded shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, UBS Group boosted their price objective on shares of Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research note on Tuesday, March 31st. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.15.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYA. Empowered Funds LLC bought a new position in Liberty Global in the 1st quarter worth about $231,000. Bank of America Corp DE boosted its position in shares of Liberty Global by 16.4% during the 1st quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock valued at $8,162,000 after acquiring an additional 95,244 shares during the last quarter. Amundi purchased a new position in shares of Liberty Global during the first quarter worth about $6,196,000. California State Teachers Retirement System grew its holdings in shares of Liberty Global by 27.1% during the first quarter. California State Teachers Retirement System now owns 181,004 shares of the company’s stock worth $2,188,000 after purchasing an additional 38,601 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Liberty Global by 48.4% in the first quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock worth $183,000 after purchasing an additional 4,947 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Global

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.