Liberty Global Ltd $LBTYK Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Liberty Global Ltd by 1.0% during the first quarter, holding a total of 3,030,502 shares valued at approximately $36.28 million.
• Liberty Global reported earnings of ($8.09) per share, significantly missing the consensus estimate of ($0.44), despite generating revenues of $1.27 billion for the quarter.
• The stock of Liberty Global has seen a 0.7% increase and it currently trades around $11.71, with a market capitalization of $3.99 billion.

Charles Schwab Investment Management Inc. trimmed its position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,030,502 shares of the company's stock after selling 29,558 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.87% of Liberty Global worth $36,275,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LBTYK. Parallel Advisors LLC lifted 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 worth $61,000 after purchasing an additional 1,059 shares in the last quarter. CWM LLC lifted its holdings in Liberty Global by 19.1% during the 1st 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. PNC Financial Services Group Inc. lifted its holdings in Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock worth $100,000 after buying an additional 1,333 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Liberty Global by 5.4% during the 4th quarter. Voya Investment Management LLC now owns 27,397 shares of the company's stock worth $360,000 after buying an additional 1,413 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Liberty Global by 25.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock valued at $111,000 after acquiring an additional 1,699 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

Liberty Global Stock Up 2.3%

LBTYK stock traded up $0.26 during mid-day trading on Friday, reaching $11.80. The company had a trading volume of 963,475 shares, compared to its average volume of 1,196,592. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -1.21 and a beta of 1.08. The firm has a fifty day simple moving average of $10.58 and a 200 day simple moving average of $10.87. 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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

Insiders Place Their Bets

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the firm'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 directly owned 8,383 shares in the company, valued at $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.86% of the stock is currently owned by company insiders.

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.