Wealth Enhancement Advisory Services LLC Grows Stake in Liberty Global Ltd $LBTYA

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 26.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,330 shares of the company’s stock after buying an additional 7,589 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Liberty Global were worth $362,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LBTYA. CWM LLC boosted its position in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Liberty Global during the first quarter valued at approximately $64,000. Friedenthal Financial purchased a new position in shares of Liberty Global during the first quarter valued at approximately $78,000. GAMMA Investing LLC boosted its position in shares of Liberty Global by 2,370.7% during the first 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 during the period. Finally, SageView Advisory Group LLC purchased a new position in shares of Liberty Global during the first quarter valued at approximately $131,000. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LBTYA shares. Benchmark restated a “buy” rating and set a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Zacks Research upgraded Liberty Global to a “hold” rating in a research report on Wednesday, September 3rd. UBS Group lifted their price target on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Saturday, September 27th. Finally, Berenberg Bank raised shares of Liberty Global to a “hold” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.26.

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 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 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 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 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 represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,980 shares of company stock valued at $1,577,091. Company insiders own 11.51% of the company’s stock.

Liberty Global Stock Performance

Shares of LBTYA opened at $11.38 on Wednesday. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $21.26. The stock has a fifty day moving average price of $11.46 and a 200-day moving average price of $10.60. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.88 billion, a PE ratio of -1.16 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYA) last released its earnings results 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 net margin of 60.38% and a negative return on equity of 22.64%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. Equities research analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

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.