J David Wargo Sells 30,000 Shares of Liberty Global Ltd. (NASDAQ:LBTYA) Stock

Liberty Global Ltd. (NASDAQ:LBTYA) Director J David Wargo sold 30,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $17.35, for a total transaction of $520,500.00. Following the transaction, the director now directly owns 159,632 shares in the company, valued at $2,769,615.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Liberty Global Price Performance

LBTYA opened at $16.76 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $6.33 billion, a P/E ratio of -1.79 and a beta of 1.18. The company’s 50-day simple moving average is $17.31 and its two-hundred day simple moving average is $17.18. Liberty Global Ltd. has a 52-week low of $15.01 and a 52-week high of $20.56.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. As a group, analysts predict that Liberty Global Ltd. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently bought and sold shares of LBTYA. Norges Bank bought a new position in shares of Liberty Global in the 4th quarter worth approximately $92,196,000. Rubric Capital Management LP bought a new position in shares of Liberty Global in the 4th quarter worth approximately $52,943,000. Lancaster Investment Management bought a new position in shares of Liberty Global in the 4th quarter worth approximately $42,843,000. Morgan Stanley lifted its stake in shares of Liberty Global by 177.9% in the 4th quarter. Morgan Stanley now owns 3,469,300 shares of the company’s stock worth $65,674,000 after purchasing an additional 2,220,803 shares during the period. Finally, Qube Research & Technologies Ltd bought a new position in shares of Liberty Global in the 3rd quarter worth approximately $34,754,000. Institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of a number of research analyst reports. Citigroup raised shares of Liberty Global from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $24.00 in a research report on Friday, February 9th. Barclays boosted their price objective on shares of Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a research report on Friday, January 12th. UBS Group reduced their target price on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research report on Monday, February 26th. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. Finally, New Street Research reaffirmed a “neutral” rating on shares of Liberty Global in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.36.

About Liberty Global

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.