Connor Clark & Lunn Investment Management Ltd. Takes Position 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 position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,509 shares of the company's stock, valued at approximately $329,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after buying an additional 796,034 shares during the period. Vanguard Group Inc. boosted its stake in shares of Liberty Global by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company's stock worth $56,976,000 after buying an additional 169,432 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Liberty Global by 1.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company's stock worth $42,293,000 after buying an additional 48,716 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Liberty Global by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock worth $40,611,000 after buying an additional 47,748 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Liberty Global by 14.9% in the fourth quarter. Northern Trust Corp now owns 975,386 shares of the company's stock worth $12,817,000 after buying an additional 126,725 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

Insider Activity

In related news, CAO Jason Waldron sold 34,380 shares of Liberty Global stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the transaction, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. The trade was a 80.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction dated 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 transaction, the chief financial officer owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The disclosure for this sale can be found here. 9.86% of the stock is owned by insiders.

Liberty Global Stock Performance

Shares of LBTYK 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. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week 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 stock has a market capitalization of $4.02 billion, a P/E ratio of -1.21 and a beta of 1.08. The stock has a 50 day moving average of $10.55 and a two-hundred day moving average of $10.87.

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

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.