KBC Group NV Lowers Holdings in Liberty Global Ltd $LBTYK

KBC Group NV decreased its holdings in Liberty Global Ltd (NASDAQ:LBTYK) by 43.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,329 shares of the company’s stock after selling 6,405 shares during the period. KBC Group NV’s holdings in Liberty Global were worth $86,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its stake in Liberty Global by 134.6% in the 1st quarter. Millennium Management LLC now owns 2,134,771 shares of the company’s stock worth $25,553,000 after purchasing an additional 1,224,873 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Liberty Global by 140.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after buying an additional 832,838 shares during the last quarter. Contour Asset Management LLC purchased a new position in shares of Liberty Global in the first quarter worth $9,459,000. Oppenheimer Asset Management Inc. boosted its position in shares of Liberty Global by 16.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,101,558 shares of the company’s stock worth $42,287,000 after acquiring an additional 568,348 shares during the last quarter. Finally, Credit Industriel ET Commercial purchased a new position in Liberty Global during the second quarter valued at $5,598,000. Institutional investors own 46.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Global currently has a consensus rating of “Sell”.

Insider Buying and Selling at Liberty Global

In other news, Director Miranda Curtis sold 42,600 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.86% of the stock is currently owned by company insiders.

Liberty Global Stock Up 2.5%

Shares of LBTYK opened at $11.08 on Friday. 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 stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -1.13 and a beta of 1.06. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $14.83. The business’s 50 day simple moving average is $11.29 and its 200-day simple moving average is $10.83.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.16. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

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.