790,254 Shares in Liberty Global Ltd $LBTYK Acquired by Contour Asset Management LLC

Key Points

• Contour Asset Management LLC has acquired a new stake in Liberty Global Ltd, purchasing 790,254 shares valued at approximately $9.46 million, making Liberty Global the firm's 27th largest position.
• Insider trading activity saw significant sales, with CAO Jason Waldron cutting 80.4% of his position by selling 34,380 shares, while CFO Charles H. R. Bracken sold 60,000 shares, reducing his ownership by 64.36%.
• Liberty Global reported an earnings per share (EPS) of ($8.09) for the last quarter, missing estimates significantly, although it generated $1.27 billion in revenue, surpassing expectations.

Contour Asset Management LLC bought a new position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 790,254 shares of the company's stock, valued at approximately $9,459,000. Liberty Global comprises 0.4% of Contour Asset Management LLC's holdings, making the stock its 27th biggest position. Contour Asset Management LLC owned about 0.23% of Liberty Global at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in Liberty Global by 6.4% during the first quarter. Janney Montgomery Scott LLC now owns 597,190 shares of the company's stock worth $7,148,000 after buying an additional 35,778 shares during the last quarter. Ritholtz Wealth Management acquired a new position in Liberty Global during the first quarter worth $487,000. Deutsche Bank AG increased its position in Liberty Global by 221.4% during the fourth quarter. Deutsche Bank AG now owns 53,911 shares of the company's stock worth $708,000 after buying an additional 37,135 shares during the last quarter. American Century Companies Inc. increased its position in Liberty Global by 61.4% during the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock worth $13,533,000 after buying an additional 430,251 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Liberty Global by 1.4% during 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. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded down $0.05 during midday trading on Friday, hitting $12.09. The company's stock had a trading volume of 594,212 shares, compared to its average volume of 962,355. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of -1.24 and a beta of 1.11. The stock's 50 day simple moving average is $10.95 and its 200 day simple moving average is $10.89. Liberty Global Ltd has a fifty-two week low of $9.21 and a fifty-two week high of $22.14. 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 issued its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($7.65). The business 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%.

Insider Activity

In other news, CAO Jason Waldron sold 34,380 shares of the firm's 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 sale, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the sale, the director directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,980 shares of company stock valued at $1,577,091. 9.86% of the stock is owned by 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.