Liberty Global Ltd $LBTYA Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 69.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 407,400 shares of the company’s stock after selling 931,000 shares during the period. Bank of Nova Scotia’s holdings in Liberty Global were worth $4,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Liberty Global during the third quarter worth $27,000. EverSource Wealth Advisors LLC increased 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 worth $28,000 after purchasing an additional 1,238 shares in the last quarter. Allworth Financial LP acquired a new stake in Liberty Global during the 3rd quarter worth about $42,000. Headlands Technologies LLC purchased a new stake in Liberty Global during the second quarter valued at about $47,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Liberty Global during the first quarter valued at about $64,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Up 1.4%

Liberty Global stock opened at $9.83 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 1-year low of $9.43 and a 1-year high of $13.52. The firm’s fifty day simple moving average is $11.34 and its 200-day simple moving average is $11.64. The company has a market capitalization of $3.32 billion, a P/E ratio of -1.09 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 27.89%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Sell-side analysts forecast that Liberty Global Ltd will post -1.38 earnings per share for the current fiscal year.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction 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 in the company, valued at $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LBTYA has been the subject of several research analyst reports. Pivotal Research restated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research report on Monday, May 4th. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. UBS Group cut their target price on shares of Liberty Global from $12.60 to $12.10 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.02.

Liberty Global Company 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.