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

Liberty Global Ltd (NASDAQ:LBTYA) Director J David Wargo sold 55,000 shares of Liberty Global 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 transaction, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Liberty Global Stock Down 1.9%

Shares of Liberty Global stock traded down $0.22 on Thursday, hitting $11.19. The company had a trading volume of 3,381,191 shares, compared to its average volume of 2,419,260. Liberty Global Ltd has a 1 year low of $9.62 and a 1 year high of $13.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day moving average of $12.05 and a 200-day moving average of $11.71. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of -0.70 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last announced its 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. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. As a group, sell-side analysts forecast that Liberty Global Ltd will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

Large investors have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC raised its stake in Liberty Global by 9.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock valued at $285,866,000 after acquiring an additional 2,097,847 shares during the period. AQR Capital Management LLC boosted its position in Liberty Global by 75.0% during the fourth quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after purchasing an additional 5,751,520 shares during the period. Rubric Capital Management LP boosted its position in Liberty Global by 17.3% during the first quarter. Rubric Capital Management LP now owns 11,752,855 shares of the company’s stock worth $142,092,000 after purchasing an additional 1,734,423 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Liberty Global by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company’s stock worth $106,782,000 after purchasing an additional 521,750 shares in the last quarter. Finally, Oaktree Capital Management LP increased its stake in shares of Liberty Global by 4.1% in the third quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock worth $97,997,000 after purchasing an additional 339,000 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analysts Set New Price Targets

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