BKM Wealth Management LLC Sells 2,458 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

BKM Wealth Management LLC reduced its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,877 shares of the company’s stock after selling 2,458 shares during the quarter. BKM Wealth Management LLC’s holdings in Liberty Global were worth $368,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Liberty Global by 2,799.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after purchasing an additional 4,485,823 shares during the period. State Street Corp increased its holdings in shares of Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock worth $55,399,000 after acquiring an additional 705,780 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Liberty Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock valued at $47,778,000 after purchasing an additional 141,749 shares during the last quarter. Mirabella Financial Services LLP boosted its position in Liberty Global by 16.6% during the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock worth $44,619,000 after purchasing an additional 300,305 shares during the period. Finally, ARGA Investment Management LP increased its holdings in shares of Liberty Global by 72.1% in the fourth quarter. ARGA Investment Management LP now owns 1,010,732 shares of the company’s stock valued at $12,897,000 after purchasing an additional 423,526 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $11.03 on Tuesday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -1.09 and a beta of 1.24. Liberty Global Ltd. has a fifty-two week low of $10.82 and a fifty-two week high of $21.56. The firm’s 50-day simple moving average is $12.07 and its 200 day simple moving average is $16.39. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

Wall Street Analyst Weigh In

LBTYA has been the subject of a number of analyst reports. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $13.10 to $12.60 in a research report on Friday, December 6th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. Benchmark reissued a “buy” rating and set a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein cut Liberty Global from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.75.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now owns 16,153 shares in the company, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their position. The disclosure for this sale can be found here. 11.51% of the stock is currently owned by insiders.

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.