Allianz Asset Management GmbH Decreases Stake in Liberty Global Ltd $LBTYK

Key Points

• Allianz Asset Management reduced its Liberty Global stake by 90.8% in the second quarter, selling 129,503 shares and retaining 13,140 shares valued at approximately $145,000. Institutional investors collectively own 46.1% of the company.
• Liberty Global reported weaker-than-expected quarterly results, with a loss of $1.07 per share versus analysts’ expected loss of $0.48 and revenue of $1.17 billion, below the $1.34 billion consensus estimate.
• The stock opened at $10.35 and has declined 0.9%, while analysts maintain a broadly negative outlook: MarketBeat reports a consensus “Sell” rating, and recent research firms have also issued sell recommendations.

Allianz Asset Management GmbH cut its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 90.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,140 shares of the company's stock after selling 129,503 shares during the quarter. Allianz Asset Management GmbH's holdings in Liberty Global were worth $145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in Liberty Global by 22.5% in the 1st quarter. Royal Bank of Canada now owns 33,798 shares of the company's stock valued at $405,000 after buying an additional 6,217 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Liberty Global by 18.0% in the 1st quarter. AQR Capital Management LLC now owns 80,872 shares of the company's stock worth $963,000 after buying an additional 12,330 shares during the last quarter. Jones Financial Companies Lllp grew its position in Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock worth $46,000 after acquiring an additional 3,808 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company's stock valued at $17,059,000 after acquiring an additional 832,838 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Liberty Global by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company's stock valued at $7,743,000 after purchasing an additional 15,121 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

Liberty Global Trading Down 0.9%

LBTYK opened at $10.35 on Thursday. The business has a 50 day simple moving average of $10.30 and a two-hundred day simple moving average of $11.21. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -1.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global Ltd has a one year low of $9.30 and a one year high of $13.12.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.

Insider Buying and Selling at Liberty Global

In other news, Director J. David Wargo sold 55,000 shares of Liberty Global stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares of the company's stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 9.86% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LBTYK. Wall Street Zen lowered Liberty Global from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell".

Liberty Global Company Profile

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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