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

Liberty Global Ltd (NASDAQ:LBTYK) Director J David Wargo sold 55,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $10.79 on Friday. The company has a market capitalization of $3.65 billion, a PE 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 Ltd has a twelve month low of $9.73 and a twelve month high of $13.12. The firm has a fifty day simple moving average of $11.64 and a 200 day simple moving average of $11.46.

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

Institutional Investors Weigh In On Liberty Global

A number of large investors have recently bought and sold shares of LBTYK. Bank of America Corp DE raised its holdings in shares of Liberty Global by 140.4% during the first quarter. Bank of America Corp DE now owns 155,820 shares of the company’s stock valued at $1,828,000 after purchasing an additional 91,012 shares during the period. Janus Henderson Group PLC boosted its position in shares of Liberty Global by 299.2% during the 1st quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock worth $2,954,000 after purchasing an additional 188,800 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Liberty Global by 26.4% in the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock valued at $194,000 after buying an additional 3,442 shares during the period. Amundi grew its stake in shares of Liberty Global by 318.0% in the 1st quarter. Amundi now owns 50,244 shares of the company’s stock valued at $589,000 after buying an additional 38,224 shares during the period. Finally, California State Teachers Retirement System increased its position in Liberty Global by 27.9% in the 1st quarter. California State Teachers Retirement System now owns 185,463 shares of the company’s stock valued at $2,175,000 after buying an additional 40,478 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LBTYK. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About Liberty Global

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.