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

Liberty Global Ltd (NASDAQ:LBTYAGet Free Report) Director J David Wargo sold 55,000 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Global Price Performance

NASDAQ LBTYA opened at $11.20 on Friday. The business’s fifty day moving average is $12.00 and its 200 day moving average is $11.70. Liberty Global Ltd has a fifty-two week low of $9.62 and a fifty-two week 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 company has a market capitalization of $3.79 billion, a PE ratio of -0.70 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYAGet Free Report) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. Sell-side analysts predict that Liberty Global Ltd will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC purchased a new position in shares of Liberty Global during the first quarter valued at $231,000. Bank of America Corp DE increased its position in Liberty Global by 16.4% during the 1st quarter. Bank of America Corp DE now owns 675,086 shares of the company’s stock valued at $8,162,000 after purchasing an additional 95,244 shares during the period. Amundi purchased a new position in Liberty Global during the 1st quarter valued at about $6,196,000. California State Teachers Retirement System raised its holdings in shares of Liberty Global by 27.1% in the 1st quarter. California State Teachers Retirement System now owns 181,004 shares of the company’s stock valued at $2,188,000 after purchasing an additional 38,601 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Liberty Global by 48.4% in the 1st quarter. Royal Bank of Canada now owns 15,161 shares of the company’s stock worth $183,000 after purchasing an additional 4,947 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LBTYA. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. UBS Group boosted 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. Pivotal Research reiterated a “buy” rating and set a $18.00 price objective on shares of Liberty Global in a research report on Monday, May 4th. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.15.

View Our Latest Stock Analysis on LBTYA

Liberty Global Company Profile

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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.

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