Invesco Ltd. decreased its holdings in Liberty Global Ltd (NASDAQ:LBTYA – Free Report) by 38.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 197,669 shares of the company’s stock after selling 126,015 shares during the quarter. Invesco Ltd. owned 0.06% of Liberty Global worth $2,275,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Liberty Global in the 1st quarter valued at $50,000. Friedenthal Financial acquired a new position in shares of Liberty Global in the 1st quarter valued at $78,000. GAMMA Investing LLC raised its stake in shares of Liberty Global by 2,370.7% in the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company’s stock valued at $78,000 after buying an additional 6,472 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its stake in shares of Liberty Global by 90.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company’s stock valued at $121,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.
Insiders Place Their Bets
In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the 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 sale, the chief accounting officer owned 8,383 shares of the company’s stock, valued at $96,823.65. This represents a 80.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total transaction of $501,402.00. Following the sale, the director directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 136,980 shares of company stock valued at $1,577,091 in the last 90 days. 13.29% of the stock is currently owned by insiders.
Liberty Global Stock Up 0.1%
Liberty Global (NASDAQ:LBTYA – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. As a group, research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on LBTYA shares. Benchmark restated a “buy” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Citigroup dropped their target price on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. UBS Group increased their target price on shares of Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a research report on Wednesday, August 6th. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.26.
View Our Latest Stock Analysis on Liberty Global
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.
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