Rhumbline Advisers Sells 4,675 Shares of Liberty Global Ltd $LBTYA

Rhumbline Advisers reduced its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 151,681 shares of the company’s stock after selling 4,675 shares during the quarter. Rhumbline Advisers’ holdings in Liberty Global were worth $1,746,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Strs Ohio bought a new stake in Liberty Global in the first quarter worth approximately $1,372,000. SageView Advisory Group LLC bought a new stake in shares of Liberty Global during the first quarter valued at approximately $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Liberty Global by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,865,128 shares of the company’s stock valued at $55,998,000 after acquiring an additional 20,771 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Liberty Global by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after acquiring an additional 98,182 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Liberty Global during the first quarter valued at approximately $652,000. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup decreased their price objective on Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, May 28th. UBS Group boosted 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. Benchmark restated a “buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Zacks Research raised Liberty Global to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Berenberg Bank raised Liberty Global to a “hold” rating in a research report on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.26.

Liberty Global Stock Up 1.4%

Shares of NASDAQ LBTYA opened at $11.94 on Friday. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The business’s fifty day moving average price is $11.06 and its 200-day moving average price is $10.61. The stock has a market capitalization of $4.07 billion, a PE ratio of -1.22 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA) last issued 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). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. On average, equities research analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current year.

Insider Buying and Selling

In related news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The stock was 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 approximately $96,823.65. This represents a 80.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was 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 in the company, valued at $375,718.20. This trade represents a 64.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,980 shares of company stock valued at $1,577,091. Corporate insiders own 13.29% of the company’s stock.

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.