Engineers Gate Manager LP Acquires 92,388 Shares of Liberty Global Ltd $LBTYA

Engineers Gate Manager LP raised its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 27.7% during the second quarter, Holdings Channel reports. The institutional investor owned 425,708 shares of the company’s stock after buying an additional 92,388 shares during the quarter. Engineers Gate Manager LP’s holdings in Liberty Global were worth $4,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LBTYA. Quarry LP bought a new stake in Liberty Global during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 buying an additional 1,238 shares during the last quarter. Allworth Financial LP boosted its position in shares of Liberty Global by 42.1% during the second quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after buying an additional 1,360 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Liberty Global in the 2nd quarter worth $47,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Liberty Global in the 1st quarter worth about $64,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, Director J 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 value of $634,700.00. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.34% of the stock is currently owned by insiders.

Liberty Global Price Performance

NASDAQ LBTYA opened at $10.47 on Friday. The company has a 50-day moving average price of $10.55 and a 200-day moving average price of $11.52. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a 52 week low of $9.43 and a 52 week high of $13.52. The firm has a market capitalization of $3.57 billion, a P/E ratio of -1.17 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. Equities research analysts anticipate that Liberty Global Ltd will post -1.54 earnings per share for the current year.

Analyst Ratings Changes

LBTYA has been the subject of a number of research analyst reports. Barclays decreased their price objective on shares of Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Friday, July 31st. Finally, UBS Group cut their price objective on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a Buy rating, four have issued 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 an average target price of $13.22.

Liberty Global Profile

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.