Optas LLC Takes $126,000 Position in Liberty Global Ltd $LBTYK

Optas LLC purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,260 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Liberty Global by 19.1% in the first 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 period. PNC Financial Services Group Inc. lifted its stake in shares of Liberty Global by 19.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company’s stock worth $100,000 after acquiring an additional 1,333 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of Liberty Global by 6.5% in the second quarter. Perigon Wealth Management LLC now owns 25,398 shares of the company’s stock worth $262,000 after acquiring an additional 1,559 shares during the period. Voya Investment Management LLC lifted its stake in shares of Liberty Global by 6.3% in the first quarter. Voya Investment Management LLC now owns 29,135 shares of the company’s stock worth $349,000 after acquiring an additional 1,738 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after acquiring an additional 3,808 shares during the period. 46.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Insider Activity

In other news, Director Miranda Curtis sold 42,600 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the sale, the director 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 this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer owned 8,383 shares of the company’s stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,980 shares of company stock worth $1,577,091 over the last quarter. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Trading Down 2.8%

Shares of LBTYK stock opened at $10.61 on Friday. The company has a market cap of $3.62 billion, a P/E ratio of -1.09 and a beta of 1.08. The stock has a 50 day simple moving average of $11.66 and a two-hundred day simple moving average of $10.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Global Ltd has a fifty-two week low of $9.21 and a fifty-two week high of $22.10.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($7.65). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Liberty Global 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.