J David Wargo Sells 55,000 Shares of Liberty Global (NASDAQ:LBTYK) Stock

Liberty Global Ltd (NASDAQ:LBTYK) 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 sale, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Global Price Performance

NASDAQ:LBTYK opened at $10.79 on Friday. Liberty Global Ltd has a 52 week low of $9.73 and a 52 week high of $13.12. The stock’s fifty day moving average is $11.64 and its two-hundred day moving average is $11.46. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -0.67 and a beta of 0.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its holdings in Liberty Global by 2.7% in the third quarter. Clearstead Advisors LLC now owns 37,485 shares of the company’s stock worth $440,000 after acquiring an additional 973 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock worth $1,500,000 after purchasing an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors grew its position in Liberty Global by 9.7% in the 4th quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock valued at $144,000 after buying an additional 1,157 shares in the last quarter. CWM LLC increased its position in shares of Liberty Global by 28.1% during the 4th quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after purchasing an additional 1,286 shares during the period. Finally, Perigon Wealth Management LLC raised its position in Liberty Global by 9.3% in the fourth quarter. Perigon Wealth Management LLC now owns 21,111 shares of the company’s stock worth $233,000 after acquiring an additional 1,789 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LBTYK shares. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.