Liberty Global (NASDAQ:LBTYA) Director Sells $634,700.00 in Stock

Liberty Global Ltd (NASDAQ:LBTYA) Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was 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 in the company, valued at $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 SEC, which can be accessed through this link.

Liberty Global Stock Performance

NASDAQ LBTYA opened at $11.20 on Friday. Liberty Global Ltd has a 52-week low of $9.62 and a 52-week high of $13.52. The company has a 50-day simple moving average of $12.00 and a 200 day simple moving average of $11.70. 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 company has a market capitalization of $3.79 billion, a PE ratio of -0.70 and a beta of 0.92.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Liberty Global

Several large investors have recently modified their holdings of LBTYA. Quarry LP purchased a new stake in shares of Liberty Global during the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC grew its stake in Liberty Global by 79.5% in the 2nd 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 in the last quarter. Rothschild Investment LLC grew its stake in Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock valued at $34,000 after buying an additional 2,012 shares in the last quarter. Allworth Financial LP bought a new stake in Liberty Global during the 3rd quarter valued at $42,000. Finally, MAI Capital Management raised its holdings in Liberty Global by 27.5% during the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company’s stock valued at $52,000 after acquiring an additional 983 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

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.