Wellington Management Group LLP Takes Position in Liberty Global Ltd $LBTYA

Wellington Management Group LLP purchased a new stake in Liberty Global Ltd (NASDAQ:LBTYA) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,001 shares of the company’s stock, valued at approximately $737,000.

A number of other large investors have also made changes to their positions in LBTYA. CWM LLC grew its position in shares of Liberty Global by 81.5% in the first 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. Versant Capital Management Inc acquired a new position in Liberty Global in the first quarter valued at approximately $50,000. Friedenthal Financial acquired a new position in Liberty Global in the first quarter valued at approximately $78,000. GAMMA Investing LLC lifted its holdings in Liberty Global by 2,370.7% in the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company’s stock valued at $78,000 after acquiring an additional 6,472 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings in Liberty Global by 90.9% in the first quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company’s stock valued at $121,000 after acquiring an additional 5,000 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Liberty Global Stock Up 0.1%

NASDAQ:LBTYA opened at $11.74 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.56. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56. The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of -1.20 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Research analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current year.

Insider Activity

In other news, Director Miranda Curtis sold 42,600 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.77, for a total value 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 trade represents a 24.78% decrease in their ownership of the stock. 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 the 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 completion of the sale, the chief financial officer owned 33,220 shares in the company, 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. Over the last three months, insiders have sold 136,980 shares of company stock worth $1,577,091. Corporate insiders own 11.51% of the company’s stock.

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.