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

Liberty Global Ltd (NASDAQ:LBTYKGet Free Report) Director J David Wargo sold 55,000 shares of the business’s 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 completion of the transaction, the director owned 53,876 shares in the company, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Global Stock Down 1.1%

LBTYK opened at $10.79 on Friday. Liberty Global Ltd has a fifty-two week low of $9.73 and a fifty-two week high of $13.12. The business has a 50-day moving average of $11.66 and a 200-day moving average of $11.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $3.65 billion, a PE ratio of -0.67 and a beta of 0.88.

Liberty Global (NASDAQ:LBTYKGet Free Report) last announced its quarterly 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LBTYK. Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Liberty Global in the 1st quarter valued at approximately $42,000. Jones Financial Companies Lllp grew its holdings in Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after purchasing an additional 3,808 shares during the last quarter. AlphaCore Capital LLC grew its holdings in Liberty Global by 180.7% during the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock valued at $51,000 after purchasing an additional 2,964 shares during the last quarter. CWM LLC raised its position in shares of Liberty Global by 28.1% in the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after purchasing an additional 1,286 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Liberty Global by 31.7% in the first quarter. Royal Bank of Canada now owns 9,547 shares of the company’s stock worth $111,000 after buying an additional 2,299 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Analyst Ratings Changes

LBTYK has been the subject of several recent research reports. Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Read Our Latest Analysis on LBTYK

About Liberty Global

(Get Free Report)

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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