Private Management Group Inc. decreased its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA – Free Report) by 34.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 947,272 shares of the company’s stock after selling 501,692 shares during the period. Private Management Group Inc. owned approximately 0.28% of Liberty Global worth $8,649,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new stake in Liberty Global in the 3rd quarter worth approximately $105,000. Asset Management One Co. Ltd. raised its holdings in shares of Liberty Global by 1,011.5% in the third quarter. Asset Management One Co. Ltd. now owns 19,040 shares of the company’s stock worth $174,000 after buying an additional 17,327 shares during the last quarter. Seven Mile Advisory purchased a new position in shares of Liberty Global in the third quarter worth $198,000. Lancaster Investment Management acquired a new stake in shares of Liberty Global during the third quarter worth $34,336,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Liberty Global by 31.4% during the third quarter. State of Alaska Department of Revenue now owns 15,348 shares of the company’s stock worth $140,000 after buying an additional 3,668 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.
Liberty Global Stock Up 2.7%
Shares of NASDAQ LBTYA opened at $10.26 on Wednesday. The company has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $10.97. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.84 and a current ratio of 0.84. Liberty Global Ltd has a 12 month low of $7.36 and a 12 month high of $13.52.
Liberty Global (NASDAQ:LBTYA – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64. Liberty Global had a negative net margin of 44.40% and a negative return on equity of 25.14%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.71 billion. As a group, research analysts expect that Liberty Global Ltd will post -1.47 earnings per share for the current year.
Insider Buying and Selling at Liberty Global
In other Liberty Global news, major shareholder John Malone purchased 98,704 shares of the stock in a transaction on Monday, November 9th. The shares were bought at an average cost of $9.76 per share, with a total value of $963,351.04. Following the completion of the acquisition, the insider owned 9,217,743 shares in the company, valued at $89,965,171.68. This trade represents a 1.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael T. Fries purchased 110,000 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were bought at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the completion of the transaction, the chief executive officer directly owned 1,238,525 shares in the company, valued at $11,604,979.25. This trade represents a 9.75% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have acquired 471,313 shares of company stock valued at $4,487,504. 4.34% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the company. UBS Group cut their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research report on Tuesday, August 4th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 20th. Finally, Barclays cut their price objective on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.78.
Read Our Latest Report on Liberty Global
About Liberty Global
Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products. The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium. Liberty Global also invests in communications infrastructure and technology businesses.
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