501,692 Liberty Global Ltd $LBTYA Shares Sold by Private Management Group Inc.

Private Management Group Inc. lessened its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 34.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 947,272 shares of the company’s stock after selling 501,692 shares during the quarter. Private Management Group Inc.’s holdings in Liberty Global were worth $8,649,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Allworth Financial LP grew its position in shares of Liberty Global by 42.1% during the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company’s stock valued at $52,000 after acquiring an additional 1,360 shares during the period. PNC Financial Services Group Inc. raised its holdings in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company’s stock worth $74,000 after purchasing an additional 2,137 shares during the period. Trust Co. of Vermont acquired a new position in Liberty Global in the 2nd quarter worth about $76,000. Chicago Partners Investment Group LLC purchased a new position in Liberty Global during the third quarter worth approximately $105,000. Finally, Integrated Wealth Concepts LLC boosted its position in Liberty Global by 26.3% during the second quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company’s stock worth $160,000 after purchasing an additional 2,926 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Trading Up 2.7%

LBTYA stock opened at $10.26 on Wednesday. The business has a fifty day moving average of $9.21 and a two-hundred day moving average of $10.97. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.84 and a quick ratio of 0.84. Liberty Global Ltd has a 52-week low of $7.36 and a 52-week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. Analysts predict that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Global

In related news, major shareholder John Malone purchased 98,704 shares of the company’s stock in a transaction on Monday, November 9th. The stock was acquired at an average cost of $9.76 per share, for a total transaction of $963,351.04. Following the completion of the transaction, the insider directly owned 9,217,743 shares in the company, valued at approximately $89,965,171.68. The trade was a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Enrique Rodriguez purchased 211,313 shares of Liberty Global stock in a transaction dated 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 purchase, the executive vice president directly owned 602,378 shares in the company, valued at approximately $5,692,472.10. This trade represents a 54.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 471,313 shares of company stock worth $4,487,504 over the last three months. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on LBTYA shares. Barclays dropped their price objective on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group dropped their price target on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.78.

Liberty Global Profile

Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products. The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium. Liberty Global also invests in communications infrastructure and technology businesses.