Swiss National Bank Sells 12,800 Shares of Liberty Global Ltd $LBTYK

Swiss National Bank trimmed its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 4.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,370 shares of the company’s stock after selling 12,800 shares during the period. Swiss National Bank owned approximately 0.09% of Liberty Global worth $3,583,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new stake in shares of Liberty Global in the 1st quarter valued at approximately $133,000. Elgethun Capital Management lifted its stake in shares of Liberty Global by 6.0% during the 1st quarter. Elgethun Capital Management now owns 820,896 shares of the company’s stock worth $9,826,000 after acquiring an additional 46,142 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Liberty Global by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company’s stock worth $56,976,000 after acquiring an additional 169,432 shares during the last quarter. Bank of Nova Scotia bought a new stake in shares of Liberty Global during the 1st quarter worth approximately $2,131,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company’s stock worth $100,000 after acquiring an additional 1,333 shares during the last quarter. 46.10% of the stock is owned by institutional investors.

Liberty Global Price Performance

Shares of LBTYK stock opened at $11.42 on Thursday. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week high of $22.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $3.89 billion, a P/E ratio of -1.17 and a beta of 1.08. The stock has a 50 day moving average price of $10.52 and a 200 day moving average price of $10.87.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($7.65). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion.

Insider Buying and Selling

In related news, CAO Jason Waldron sold 34,380 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the completion of the sale, the chief accounting officer directly owned 8,383 shares of the company’s stock, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the sale, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by company insiders.

Liberty Global Profile

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.