Liberty Global Ltd $LBTYA Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 23.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,806 shares of the company’s stock after selling 4,827 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Liberty Global were worth $158,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its position in shares of Liberty Global by 81.5% during the 1st quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after purchasing an additional 1,026 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Liberty Global during the 1st quarter valued at $64,000. SageView Advisory Group LLC bought a new stake in shares of Liberty Global during the 1st quarter worth $131,000. Atria Wealth Solutions Inc. acquired a new position in shares of Liberty Global in the 1st quarter worth $145,000. Finally, State of Wyoming grew its holdings in shares of Liberty Global by 456.7% in the 1st quarter. State of Wyoming now owns 14,542 shares of the company’s stock worth $167,000 after acquiring an additional 11,930 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Berenberg Bank upgraded Liberty Global to a “hold” rating in a report on Thursday, June 26th. UBS Group lifted their target price on Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Benchmark restated a “buy” rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Zacks Research upgraded Liberty Global to a “hold” rating in a report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.26.

Insider Transactions at Liberty Global

In other news, CAO Jason Waldron sold 34,380 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares of the company’s stock, valued at $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the sale, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,980 shares of company stock valued at $1,577,091 over the last quarter. Company insiders own 13.29% of the company’s stock.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $10.98 on Friday. The stock has a market cap of $3.74 billion, a PE ratio of -1.12 and a beta of 1.15. The business has a fifty day simple moving average of $11.49 and a 200-day simple moving average of $10.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $21.22.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. On average, sell-side analysts anticipate 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.