Friedenthal Financial Sells 77,454 Shares of Liberty Global Ltd $LBTYA

Friedenthal Financial reduced its position in Liberty Global Ltd (NASDAQ:LBTYA) by 91.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,155 shares of the company’s stock after selling 77,454 shares during the quarter. Friedenthal Financial’s holdings in Liberty Global were worth $87,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Liberty Global during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC raised its stake in Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock valued at $28,000 after acquiring an additional 1,238 shares during the period. Allworth Financial LP purchased a new stake in Liberty Global during the third quarter valued at about $42,000. Headlands Technologies LLC purchased a new stake in Liberty Global during the second quarter valued at about $47,000. Finally, MAI Capital Management boosted its position in Liberty Global by 27.5% during the third quarter. MAI Capital Management now owns 4,559 shares of the company’s stock worth $52,000 after purchasing an additional 983 shares during the period. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.34% of the company’s stock.

Liberty Global Stock Down 0.3%

LBTYA stock opened at $11.09 on Friday. The stock has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $11.70. Liberty Global Ltd has a twelve month low of $9.62 and a twelve month high of $13.52. The firm has a market capitalization of $3.75 billion, a PE ratio of -0.69 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.

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

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.