SG Americas Securities LLC Sells 445,387 Shares of Liberty Global Ltd $LBTYA

SG Americas Securities LLC lessened its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 87.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,058 shares of the company’s stock after selling 445,387 shares during the period. SG Americas Securities LLC’s holdings in Liberty Global were worth $750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Quarry LP bought a new position in shares of Liberty Global during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Liberty Global by 79.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after acquiring an additional 1,238 shares during the last quarter. Allworth Financial LP acquired a new stake in Liberty Global in the third quarter valued at approximately $42,000. Headlands Technologies LLC purchased a new position in Liberty Global in the second quarter worth $47,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Liberty Global in the first quarter worth $64,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Up 1.1%

Liberty Global stock opened at $10.98 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $11.77 and its two-hundred day simple moving average is $11.71. The company has a market cap of $3.71 billion, a PE ratio of -0.68 and a beta of 0.93. Liberty Global Ltd has a fifty-two week low of $9.62 and a fifty-two week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Equities analysts anticipate that Liberty Global Ltd will post -1.38 EPS for the current year.

Insider Transactions at Liberty Global

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the firm’s 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 directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. UBS Group upped their target price on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Pivotal Research restated a “buy” rating and set a $18.00 price target on shares of Liberty Global in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $16.15.

Liberty Global 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.