Gabelli Funds LLC Cuts Holdings in Liberty Global Ltd $LBTYA

Gabelli Funds LLC reduced its position in Liberty Global Ltd (NASDAQ:LBTYA) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,314,795 shares of the company’s stock after selling 30,000 shares during the period. Gabelli Funds LLC’s holdings in Liberty Global were worth $15,133,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the last quarter. Private Advisor Group LLC lifted its position in Liberty Global by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 20,163 shares of the company’s stock worth $232,000 after acquiring an additional 2,123 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in Liberty Global by 10.8% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company’s stock valued at $284,000 after purchasing an additional 2,406 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Liberty Global by 5.6% in the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company’s stock worth $829,000 after acquiring an additional 3,437 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Liberty Global by 14.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company’s stock valued at $412,000 after acquiring an additional 4,128 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Global

In other news, Director Miranda Curtis sold 42,600 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the transaction, the director owned 129,305 shares in the company, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,980 shares of company stock valued at $1,577,091. 13.29% of the stock is owned by insiders.

Analyst Ratings Changes

LBTYA has been the topic of a number of recent analyst reports. Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research note on Thursday, June 26th. Benchmark reiterated a “buy” rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Citigroup reduced their price objective on Liberty Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. UBS Group boosted their target price on shares of Liberty Global from $10.60 to $11.80 and gave the company a “neutral” rating in a research note on Wednesday, August 6th. Finally, Barclays set a $11.00 price target on shares of Liberty Global and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.26.

Liberty Global Stock Performance

LBTYA opened at $11.79 on Thursday. The business has a 50 day moving average price of $10.47 and a two-hundred day moving average price of $10.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -1.21 and a beta of 1.13. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $21.56.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Research analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

About Liberty Global

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.