Candriam S.C.A. Sells 588,756 Shares of 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 position in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 52.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 533,316 shares of the company's stock after selling 588,756 shares during the period. Candriam S.C.A. owned 0.15% of Liberty Global worth $6,384,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. State of Wyoming bought a new stake in Liberty Global during the fourth quarter valued at about $33,000. Parallel Advisors LLC boosted its position in shares of Liberty Global by 26.2% during the first quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock valued at $61,000 after buying an additional 1,059 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Liberty Global in the first quarter valued at approximately $67,000. GAMMA Investing LLC boosted its holdings in shares of Liberty Global by 1,176.4% in the first quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock valued at $78,000 after purchasing an additional 6,035 shares during the period. Finally, CWM LLC raised 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 buying an additional 1,155 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The shares were 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 trade represents a 80.40% 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 worth $1,577,091. Corporate insiders own 9.86% of the company's stock.

Liberty Global Stock Up 0.2%

Shares of LBTYK stock traded up $0.03 during trading hours on Wednesday, reaching $11.85. 202,751 shares of the company's stock were exchanged, compared to its average volume of 1,362,016. The stock's 50 day moving average is $10.65 and its 200-day moving average is $10.87. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -1.21 and a beta of 1.08. 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 Ltd has a fifty-two week low of $9.21 and a fifty-two week high of $22.14.

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

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.