Credit Industriel ET Commercial Makes New Investment in Liberty Global Ltd $LBTYK

Credit Industriel ET Commercial acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 542,958 shares of the company’s stock, valued at approximately $5,598,000. Liberty Global comprises approximately 0.5% of Credit Industriel ET Commercial’s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of LBTYK. Jones Financial Companies Lllp raised its holdings in Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after buying an additional 3,808 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Liberty Global in the first quarter valued at $67,000. CWM LLC lifted its holdings in shares of Liberty Global by 19.1% in the 1st quarter. CWM LLC now owns 7,190 shares of the company’s stock worth $86,000 after acquiring an additional 1,155 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Liberty Global by 77.4% during the 2nd quarter. Parallel Advisors LLC now owns 9,060 shares of the company’s stock worth $93,000 after purchasing an additional 3,953 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company’s stock worth $100,000 after purchasing an additional 1,333 shares during the period. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Stock Performance

Liberty Global stock opened at $10.85 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $3.70 billion, a PE ratio of -1.11 and a beta of 1.06. The company has a 50 day moving average price of $11.48 and a 200-day moving average price of $10.83. Liberty Global Ltd has a fifty-two week low of $9.21 and a fifty-two week high of $21.16.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Thursday, October 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.16. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Insider Activity

In related news, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the sale, the director directly owned 129,305 shares in the company, valued at $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 136,980 shares of company stock worth $1,577,091. Company insiders own 9.86% of the company’s stock.

Liberty Global Company Profile

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.