Liberty Global (NASDAQ:LBTYA) Director J David Wargo Sells 55,000 Shares

Liberty Global Ltd (NASDAQ:LBTYA) Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the completion of the sale, the director owned 53,876 shares in the company, valued at $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Liberty Global Price Performance

Shares of NASDAQ:LBTYA opened at $11.20 on Friday. The firm has a market capitalization of $3.79 billion, a PE ratio of -0.70 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $12.03 and a two-hundred day moving average price of $11.70. Liberty Global Ltd has a twelve month low of $9.62 and a twelve month high of $13.52.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $1.31. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. Equities analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

A number of institutional investors have recently made changes to their positions in LBTYA. Royal Bank of Canada boosted its stake in Liberty Global by 801.7% in the first quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock worth $1,383,000 after buying an additional 106,870 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Liberty Global in the 1st quarter worth approximately $64,000. Millennium Management LLC lifted its holdings in shares of Liberty Global by 197.8% in the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock worth $17,504,000 after acquiring an additional 1,010,118 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Liberty Global by 27.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after purchasing an additional 98,182 shares in the last quarter. Finally, Prudential Financial Inc. bought a new position in shares of Liberty Global during the 2nd quarter valued at $100,000. Institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on LBTYA shares. Pivotal Research restated a “buy” rating and set a $18.00 target price on shares of Liberty Global in a research report on Monday, May 4th. UBS Group lifted their price target on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a research report on Tuesday, March 31st. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Finally, Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.15.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.