1,678,938 Shares in Liberty Global Ltd $LBTYK Purchased by Private Management Group Inc.

Private Management Group Inc. purchased a new position in Liberty Global Ltd (NASDAQ:LBTYK) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 1,678,938 shares of the company’s stock, valued at approximately $14,926,000.

Several other large investors have also recently made changes to their positions in LBTYK. Financiere des Professionnels Fonds d investissement inc. acquired a new position in Liberty Global in the 1st quarter valued at $42,000. Sterling Capital Management LLC purchased a new position in Liberty Global in the 3rd quarter valued at $33,000. Allworth Financial LP lifted its holdings in Liberty Global by 52.1% in the 2nd quarter. Allworth Financial LP now owns 4,407 shares of the company’s stock valued at $48,000 after purchasing an additional 1,509 shares in the last quarter. Versant Capital Management Inc boosted its stake in Liberty Global by 90.2% during the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after purchasing an additional 2,292 shares during the last quarter. Finally, Signaturefd LLC acquired a new stake in Liberty Global during the 3rd quarter worth $56,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Up 0.1%

LBTYK opened at $9.73 on Tuesday. The company’s 50 day simple moving average is $9.02 and its two-hundred day simple moving average is $10.70. Liberty Global Ltd has a 1-year low of $7.32 and a 1-year high of $13.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%.

Insider Buying and Selling

In related news, EVP Enrique Rodriguez acquired 211,313 shares of the stock in a transaction on Wednesday, November 4th. The shares were bought at an average price of $9.45 per share, with a total value of $1,996,907.85. Following the completion of the purchase, the executive vice president owned 602,378 shares of the company’s stock, valued at approximately $5,692,472.10. This represents a 54.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael T. Fries acquired 110,000 shares of the 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 purchase, the chief executive officer directly owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. The trade was a 9.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 9.86% of the company’s stock.

Analyst Upgrades and Downgrades

LBTYK has been the subject of a number of research reports. Weiss Ratings raised shares of Liberty Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Liberty Global Company Profile