Candriam S.C.A. Has $6.38 Million Position in Liberty Global Ltd $LBTYK

Key Points

• Candriam S.C.A. significantly reduced its stake in Liberty Global Ltd by 52.5%, owning 533,316 shares valued at approximately $6.38 million after selling 588,756 shares in the first quarter.
• Liberty Global reported a disappointing earnings result, with an EPS of ($8.09), missing expectations by ($7.65), despite revenue slightly exceeding estimates at $1.27 billion.
• Insider trading activity was notable, with the CFO selling 60,000 shares, representing a 64.36% decrease in ownership, suggesting cautious sentiment among company executives.

Candriam S.C.A. lowered its holdings in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 52.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 533,316 shares of the company's stock after selling 588,756 shares during the quarter. Candriam S.C.A. owned about 0.15% of Liberty Global worth $6,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State of Wyoming acquired a new position in Liberty Global in the fourth quarter worth $33,000. Parallel Advisors LLC boosted its stake in Liberty Global by 26.2% in the first quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock worth $61,000 after purchasing an additional 1,059 shares in the last quarter. Summit Securities Group LLC acquired a new position in Liberty Global in the first quarter worth $67,000. GAMMA Investing LLC boosted its stake in Liberty Global by 1,176.4% in the first quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock worth $78,000 after purchasing an additional 6,035 shares in the last quarter. Finally, CWM LLC boosted its stake in Liberty Global by 19.1% in the first quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after purchasing an additional 1,155 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

Liberty Global Trading Up 1.1%

LBTYK stock opened at $11.54 on Friday. The company has a market cap of $3.93 billion, a P/E ratio of -1.18 and a beta of 1.08. Liberty Global Ltd has a twelve month low of $9.21 and a twelve month high of $22.14. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $10.55 and a 200-day moving average of $10.87.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Insiders Place Their Bets

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer owned 8,383 shares of the company's stock, valued at approximately $96,823.65. The trade was a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.86% of the company's stock.

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.

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