Wittenberg Investment Management Inc. Grows Position in Liberty Global Ltd $LBTYA

Wittenberg Investment Management Inc. raised its position in Liberty Global Ltd (NASDAQ:LBTYA) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 188,722 shares of the company’s stock after buying an additional 24,900 shares during the quarter. Liberty Global makes up approximately 0.8% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 24th biggest position. Wittenberg Investment Management Inc. owned approximately 0.05% of Liberty Global worth $1,889,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in shares of Liberty Global by 29.6% during the first quarter. Bank of New York Mellon Corp now owns 609,426 shares of the company’s stock worth $7,014,000 after buying an additional 139,294 shares during the period. Jump Financial LLC acquired a new position in Liberty Global in the 1st quarter valued at about $3,586,000. Wellington Management Group LLP purchased a new stake in Liberty Global during the 1st quarter valued at approximately $737,000. Contour Asset Management LLC lifted its position in Liberty Global by 64.4% during the 1st quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company’s stock worth $38,150,000 after acquiring an additional 1,298,047 shares during the period. Finally, Townsquare Capital LLC purchased a new position in shares of Liberty Global in the 1st quarter valued at approximately $763,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 directly owned 33,220 shares in the company, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $501,402.00. Following the sale, the director directly owned 129,305 shares in the company, valued at $1,521,919.85. This trade represents a 24.78% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 13.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LBTYA shares. UBS Group upped their price target on Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Benchmark reissued a “buy” rating and issued a $21.00 price objective (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.26.

Liberty Global Trading Up 0.3%

NASDAQ:LBTYA opened at $10.70 on Tuesday. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $14.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $10.61. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -1.10 and a beta of 1.12.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($1.72). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. As a group, sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Liberty Global Company 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.