Liberty Global Ltd. (NASDAQ:LBTYK – Get Free Report) Director J David Wargo sold 30,000 shares of the stock in a transaction dated Monday, April 15th. The stock was 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 $2,769,615.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Liberty Global Trading Down 0.7 %
NASDAQ LBTYK opened at $16.79 on Thursday. Liberty Global Ltd. has a one year low of $16.26 and a one year high of $21.83. The company’s 50 day moving average price is $18.22 and its 200 day moving average price is $18.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.
Liberty Global (NASDAQ:LBTYK – Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) EPS for the quarter, missing the consensus estimate of ($0.26) by ($7.97). Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The business had revenue of $1.92 billion during the quarter.
Wall Street Analyst Weigh In
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Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership raised its stake in shares of Liberty Global by 98.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,687,374 shares of the company’s stock valued at $95,529,000 after purchasing an additional 2,323,831 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Liberty Global during the fourth quarter valued at approximately $34,537,000. Norges Bank purchased a new stake in shares of Liberty Global during the fourth quarter valued at approximately $29,602,000. BlackRock Inc. raised its stake in shares of Liberty Global by 10.8% during the first quarter. BlackRock Inc. now owns 14,416,743 shares of the company’s stock valued at $293,813,000 after purchasing an additional 1,402,186 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Liberty Global by 62.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,122,777 shares of the company’s stock valued at $57,959,000 after purchasing an additional 1,195,569 shares during the period. Hedge funds and other institutional investors own 46.10% of the company’s stock.
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.
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