Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Hi Line Capital Management LLC

Hi Line Capital Management LLC reduced its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 827,307 shares of the company’s stock after selling 19,534 shares during the quarter. Liberty Global makes up approximately 4.6% of Hi Line Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Hi Line Capital Management LLC’s holdings in Liberty Global were worth $10,556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in LBTYA. Blue Trust Inc. grew its holdings in shares of Liberty Global by 58.1% during the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company’s stock worth $38,000 after purchasing an additional 1,081 shares during the period. Spire Wealth Management acquired a new position in Liberty Global during the 4th quarter worth about $59,000. VisionPoint Advisory Group LLC acquired a new position in Liberty Global during the 4th quarter worth about $123,000. Yousif Capital Management LLC acquired a new position in Liberty Global during the 4th quarter worth about $128,000. Finally, Clifford Capital Partners LLC acquired a new position in Liberty Global during the 3rd quarter worth about $227,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now directly owns 16,153 shares in the company, valued at $209,019.82. This represents a 77.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the sale, the chief financial officer now owns 53,312 shares in the company, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein lowered Liberty Global from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Barclays dropped their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $23.00 to $13.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $17.75.

Liberty Global Stock Up 0.4 %

LBTYA opened at $11.37 on Monday. The business’s fifty day moving average is $11.89 and its two-hundred day moving average is $16.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 2.71 and a beta of 1.24. Liberty Global Ltd. has a one year low of $10.55 and a one year high of $21.56.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $7.25. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. Analysts anticipate that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.

Liberty Global 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.