Oppenheimer Asset Management Inc. Acquires 568,348 Shares of Liberty Global Ltd $LBTYK

Oppenheimer Asset Management Inc. increased its holdings in Liberty Global Ltd (NASDAQ:LBTYK) by 16.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,101,558 shares of the company’s stock after buying an additional 568,348 shares during the period. Oppenheimer Asset Management Inc. owned about 1.18% of Liberty Global worth $42,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Liberty Global by 3.7% during the first quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company’s stock worth $56,976,000 after purchasing an additional 169,432 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Liberty Global by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company’s stock worth $40,611,000 after purchasing an additional 47,748 shares in the last quarter. Millennium Management LLC increased its position in shares of Liberty Global by 134.6% during the first quarter. Millennium Management LLC now owns 2,134,771 shares of the company’s stock worth $25,553,000 after purchasing an additional 1,224,873 shares in the last quarter. Long Focus Capital Management LLC increased its position in shares of Liberty Global by 3.6% during the first quarter. Long Focus Capital Management LLC now owns 1,494,400 shares of the company’s stock worth $17,888,000 after purchasing an additional 52,400 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Liberty Global by 140.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock worth $17,059,000 after purchasing an additional 832,838 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the sale, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Miranda Curtis sold 42,600 shares of the company’s stock in a transaction on 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 sale, the director directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,980 shares of company stock valued at $1,577,091. 9.86% of the stock is owned by insiders.

Liberty Global Price Performance

Shares of LBTYK opened at $11.15 on Friday. The firm has a market capitalization of $3.80 billion, a PE ratio of -1.14 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. Liberty Global Ltd has a 1-year low of $9.21 and a 1-year high of $21.85. The company’s fifty day moving average price is $11.63 and its 200-day moving average price is $10.82.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data 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). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

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.