J David Wargo Sells 30,000 Shares of Liberty Global Ltd. (NASDAQ:LBTYA) Stock

Liberty Global Ltd. (NASDAQ:LBTYA) Director J David Wargo sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $17.35, for a total transaction of $520,500.00. Following the transaction, the director now owns 159,632 shares in the company, valued at approximately $2,769,615.20. The sale was disclosed in a filing with the SEC, which is available at this link.

Liberty Global Stock Performance

Shares of NASDAQ LBTYA opened at $16.61 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $6.27 billion, a PE ratio of -1.77 and a beta of 1.18. Liberty Global Ltd. has a 1 year low of $15.01 and a 1 year high of $20.56. The company’s fifty day moving average price is $17.36 and its 200 day moving average price is $17.18.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. On average, research analysts predict that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LBTYA shares. TheStreet upgraded shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Thursday, January 25th. HSBC lowered shares of Liberty Global from a “buy” rating to a “hold” rating and cut their price target for the company from $26.00 to $20.00 in a research note on Monday, March 18th. New Street Research reiterated a “neutral” rating on shares of Liberty Global in a research note on Wednesday, February 28th. UBS Group cut their price objective on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, Citigroup upgraded shares of Liberty Global from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $24.00 in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.36.

Hedge Funds Weigh In On Liberty Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LBTYA. Norges Bank purchased a new position in shares of Liberty Global in the fourth quarter worth about $92,196,000. Rubric Capital Management LP purchased a new position in shares of Liberty Global in the fourth quarter worth about $52,943,000. Lancaster Investment Management purchased a new position in shares of Liberty Global in the fourth quarter worth about $42,843,000. Morgan Stanley lifted its stake in shares of Liberty Global by 177.9% in the fourth quarter. Morgan Stanley now owns 3,469,300 shares of the company’s stock worth $65,674,000 after buying an additional 2,220,803 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Liberty Global in the third quarter worth about $34,754,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

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.