Connor Clark & Lunn Investment Management Ltd. Invests $329,000 in Liberty Global Ltd $LBTYK

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired a new stake in Liberty Global Ltd, purchasing 27,509 shares valued at approximately $329,000.
• Liberty Global's stock opened at $11.38, with a reported 12 month high of $22.14 and a 12 month low of $9.21.
• The company reported a disappointing quarterly EPS of ($8.09), significantly missing the consensus estimate of ($0.44).

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,509 shares of the company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new position in Liberty Global during the fourth quarter valued at about $33,000. Parallel Advisors LLC increased its stake in 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 acquiring an additional 1,059 shares during the period. GAMMA Investing LLC increased its stake in Liberty Global by 1,176.4% during the first quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock valued at $78,000 after acquiring an additional 6,035 shares during the period. CWM LLC increased its stake in Liberty Global by 19.1% during the first quarter. CWM LLC now owns 7,190 shares of the company's stock valued at $86,000 after acquiring an additional 1,155 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in Liberty Global by 19.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock valued at $100,000 after purchasing an additional 1,333 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Price Performance

Shares of LBTYK stock traded down $0.03 during trading hours on Monday, hitting $11.77. The company had a trading volume of 759,791 shares, compared to its average volume of 1,165,760. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $22.14. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of -1.20 and a beta of 1.08. The firm's fifty day moving average is $10.62 and its 200 day moving average is $10.86. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share 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 company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the company's stock in a transaction that occurred 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 directly owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jason Waldron sold 34,380 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 9.86% of the company's stock.

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.