Algert Global LLC Cuts 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 position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 75.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its position in Liberty Global by 66.5% during the first quarter. American Century Companies Inc. now owns 1,227,160 shares of the company's stock worth $14,125,000 after purchasing an additional 490,284 shares in the last quarter. Ethic Inc. raised its stake in shares of Liberty Global by 54.4% during the 1st quarter. Ethic Inc. now owns 56,317 shares of the company's stock worth $647,000 after buying an additional 19,837 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Liberty Global in the 1st quarter worth about $10,809,000. Entropy Technologies LP acquired a new stake in Liberty Global in the 1st quarter valued at about $1,315,000. Finally, Townsquare Capital LLC acquired a new stake in Liberty Global in the 1st quarter valued at about $763,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Miranda Curtis sold 42,600 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the sale, the director directly owned 129,305 shares of the company's stock, valued at $1,521,919.85. The trade was a 24.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the company'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 sale, the chief financial officer owned 33,220 shares of the company's stock, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,980 shares of company stock valued at $1,577,091. Insiders own 13.29% of the company's stock.

Liberty Global Trading Down 1.7%

NASDAQ:LBTYA traded down $0.20 during mid-day trading on Thursday, reaching $11.60. The company's stock had a trading volume of 214,612 shares, compared to its average volume of 2,076,457. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $3.95 billion, a P/E ratio of -1.19 and a beta of 1.13. The company's fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $10.56. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $21.56.

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

Analysts Set New Price Targets

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

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.