Credit Industriel ET Commercial Takes Position in Liberty Global Ltd $LBTYK

Key Points

• Credit Industriel ET Commercial has acquired a new stake in Liberty Global Ltd, purchasing approximately 542,958 shares valued at around $5.6 million, making it the 28th largest holding in their portfolio.
• Insider sales include CFO Charles H. R. Bracken selling 60,000 shares and Director Miranda Curtis selling 42,600 shares, indicating a significant decrease in insider ownership.
• Liberty Global's stock has recently increased by 3.7% but reported earnings of ($8.09) per share, missing analysts' expectations by a considerable margin.

Credit Industriel ET Commercial purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 542,958 shares of the company's stock, valued at approximately $5,598,000. Liberty Global accounts for about 0.5% of Credit Industriel ET Commercial's portfolio, making the stock its 28th biggest holding. Credit Industriel ET Commercial owned about 0.16% of Liberty Global at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock valued at $46,000 after acquiring an additional 3,808 shares during the period. Summit Securities Group LLC acquired a new position in Liberty Global in the first quarter valued at about $67,000. GAMMA Investing LLC lifted its stake in 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 buying an additional 6,035 shares during the period. CWM LLC lifted its stake in Liberty Global by 19.1% in the first quarter. CWM LLC now owns 7,190 shares of the company's stock valued at $86,000 after buying an additional 1,155 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Liberty Global by 19.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock valued at $100,000 after buying an additional 1,333 shares during the period. Institutional investors and hedge funds own 46.10% of the company's stock.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the transaction, the chief financial officer directly owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 129,305 shares of the company's stock, valued at $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 three months, insiders sold 136,980 shares of company stock worth $1,577,091. 9.86% of the stock is owned by corporate insiders.

Liberty Global Stock Up 3.7%

NASDAQ:LBTYK opened at $11.00 on Tuesday. 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 cap of $3.75 billion, a PE ratio of -1.13 and a beta of 1.08. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week high of $22.10. The stock has a 50-day simple moving average of $11.66 and a 200 day simple moving average of $10.82.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

Liberty Global Company 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.

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