Algert Global LLC Has $1.36 Million Position in Liberty Global Ltd $LBTYA

Key Points

• Algert Global LLC has reduced its stake in Liberty Global Ltd by 75.1%, now holding approximately $1.36 million in shares after selling over 354,000 shares in the first quarter.
• Wall Street analysts have varied ratings on Liberty Global, with a consensus rating of "Hold" and an average target price of $14.26.
• Liberty Global reported a significant earnings miss, with a quarterly EPS of ($8.09) compared to the expected ($0.55), highlighting ongoing financial challenges for the company.

Algert Global LLC lowered its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 75.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,931 shares of the company's stock after selling 354,932 shares during the period. Algert Global LLC's holdings in Liberty Global were worth $1,357,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its holdings in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after purchasing an additional 1,026 shares during the period. Versant Capital Management Inc bought a new stake in shares of Liberty Global in the first quarter worth $50,000. Friedenthal Financial acquired a new position in Liberty Global in the first quarter worth about $78,000. GAMMA Investing LLC grew its position in shares of Liberty Global by 2,370.7% in the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after acquiring an additional 6,472 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in Liberty Global by 90.9% during the first quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock valued at $121,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Liberty Global Stock Down 0.4%

LBTYA stock traded down $0.05 during mid-day trading on Monday, hitting $11.63. The stock had a trading volume of 1,145,416 shares, compared to its average volume of 2,289,354. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -1.19 and a beta of 1.13. The company has a fifty day moving average of $10.36 and a 200 day moving average of $10.54. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $21.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. On average, equities analysts expect that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the completion of the transaction, the chief accounting officer directly owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 11.51% of the company's stock.

Analysts Set New Price Targets

LBTYA has been the topic of a number of research reports. Berenberg Bank upgraded Liberty Global to a "hold" rating in a research report on Thursday, June 26th. Barclays set a $11.00 price objective on shares of Liberty Global and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Benchmark reaffirmed a "buy" rating and set a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. UBS Group lifted their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Citigroup cut their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.26.

Liberty Global Company 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.