Mackenzie Financial Corp Sells 66,171 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Mackenzie Financial Corp trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 48.5% during the 4th quarter, HoldingsChannel reports. The fund owned 70,357 shares of the company’s stock after selling 66,171 shares during the quarter. Mackenzie Financial Corp’s holdings in Liberty Global were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Liberty Global by 148.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company’s stock valued at $39,000 after purchasing an additional 1,357 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $141,000. Advisor Partners II LLC bought a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $209,000. Autumn Glory Partners LLC bought a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $215,000. Finally, Brown Advisory Inc. bought a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $232,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Stock Down 2.7 %

NASDAQ:LBTYA opened at $16.25 on Thursday. The stock’s fifty day moving average price is $17.17 and its two-hundred day moving average price is $17.19. Liberty Global Ltd. has a 52-week low of $15.01 and a 52-week high of $20.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $6.14 billion, a price-to-earnings ratio of -1.73 and a beta of 1.18.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, analysts anticipate that Liberty Global Ltd. will post -0.61 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on LBTYA. New Street Research reiterated a “neutral” rating on shares of Liberty Global in a research note on Wednesday, February 28th. Barclays upped their price objective on Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, January 12th. Bank of America lowered Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. Citigroup upgraded Liberty Global from a “neutral” rating to a “buy” rating and increased their price target for the stock from $20.00 to $24.00 in a research report on Friday, February 9th. Finally, TheStreet upgraded Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Liberty Global presently has an average rating of “Hold” and a consensus price target of $26.36.

Insiders Place Their Bets

In other Liberty Global news, EVP Bryan H. Hall sold 25,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $18.24, for a total transaction of $456,000.00. Following the transaction, the executive vice president now owns 144,934 shares of the company’s stock, valued at approximately $2,643,596.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Bryan H. Hall sold 25,000 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $18.24, for a total value of $456,000.00. Following the transaction, the executive vice president now owns 144,934 shares of the company’s stock, valued at approximately $2,643,596.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the transaction, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is currently owned by corporate insiders.

About Liberty Global

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.