Liberty Global Ltd $LBTYK Shares Newly Acquired by Private Management Group Inc.

Private Management Group Inc. bought a new position in shares of Liberty Global Ltd (NASDAQ:LBTYK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,678,938 shares of the company’s stock, valued at approximately $14,926,000. Private Management Group Inc. owned 0.49% of Liberty Global as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC acquired a new position in Liberty Global in the third quarter valued at approximately $33,000. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Liberty Global during the 1st quarter worth approximately $42,000. Allworth Financial LP increased its holdings in shares of Liberty Global by 52.1% during the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after purchasing an additional 1,509 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after purchasing an additional 2,292 shares in the last quarter. Finally, Signaturefd LLC purchased a new position in shares of Liberty Global during the 3rd quarter valued at approximately $56,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $9.73 on Tuesday. The stock has a 50-day moving average of $9.02 and a 200 day moving average of $10.70. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a twelve month low of $7.32 and a twelve month high of $13.12.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%.

Insiders Place Their Bets

In related news, EVP Enrique Rodriguez acquired 211,313 shares of Liberty Global stock in a transaction on Wednesday, November 4th. The stock was bought at an average cost of $9.45 per share, for a total transaction of $1,996,907.85. Following the completion of the transaction, the executive vice president owned 602,378 shares of the company’s stock, valued at approximately $5,692,472.10. The trade was a 54.04% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael T. Fries acquired 110,000 shares of Liberty Global stock in a transaction on Wednesday, November 4th. The shares were bought at an average price of $9.37 per share, with a total value of $1,030,700.00. Following the completion of the transaction, the chief executive officer directly owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. This trade represents a 9.75% increase in their position. The disclosure for this purchase is available in the SEC filing. 9.86% of the stock is currently owned by company insiders.

About Liberty Global