Vanguard Group Inc. Sells 551,857 Shares of Liberty Global Ltd $LBTYA

Vanguard Group Inc. lowered its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,688,342 shares of the company’s stock after selling 551,857 shares during the quarter. Vanguard Group Inc. owned approximately 1.34% of Liberty Global worth $53,963,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. CWM LLC increased its stake in Liberty Global by 81.5% during the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Liberty Global by 11.8% in the first quarter. Private Advisor Group LLC now owns 20,163 shares of the company’s stock worth $232,000 after acquiring an additional 2,123 shares during the period. Turtle Creek Wealth Advisors LLC increased its stake in shares of Liberty Global by 10.8% in the first quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company’s stock worth $284,000 after acquiring an additional 2,406 shares during the period. Voya Investment Management LLC increased its stake in shares of Liberty Global by 5.6% in the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company’s stock worth $829,000 after acquiring an additional 3,437 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Liberty Global by 14.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company’s stock worth $412,000 after acquiring an additional 4,128 shares during the period. Institutional investors own 37.20% of the company’s stock.

Insider Activity

In related news, CAO Jason Waldron sold 34,380 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were 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 in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the sale, the chief financial officer owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LBTYA shares. Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research note on Thursday, June 26th. Barclays set a $11.00 price target on shares of Liberty Global and gave the stock an “equal weight” rating in a report on Tuesday, May 6th. Benchmark reaffirmed a “buy” rating and set a $21.00 price objective (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Citigroup decreased their price objective on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Finally, UBS Group increased their price objective on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.26.

Liberty Global Price Performance

Liberty Global stock opened at $11.63 on Tuesday. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56. The stock has a market cap of $3.96 billion, a P/E ratio of -1.19 and a beta of 1.13. The company has a 50-day moving average price of $10.39 and a 200 day moving average price of $10.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

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.