56,614 Shares in Liberty Global Ltd $LBTYA Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Liberty Global Ltd, purchasing 56,614 shares valued at approximately $652,000.
• Several institutional investors, including Stifel Financial and Northern Trust Corp, have recently increased their stakes in Liberty Global during the fourth quarter.
• Liberty Global recorded a negative earnings per share of ($8.09) for the last quarter, significantly missing analyst expectations.

Dynamic Technology Lab Private Ltd bought a new stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 56,614 shares of the company's stock, valued at approximately $652,000.

Several other hedge funds have also bought and sold shares of LBTYA. ACR Alpine Capital Research LLC lifted its stake in Liberty Global by 14.1% in the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock valued at $228,305,000 after purchasing an additional 2,458,406 shares during the last quarter. Contour Asset Management LLC raised its holdings in Liberty Global by 64.4% in the 1st quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company's stock valued at $38,150,000 after acquiring an additional 1,298,047 shares during the period. Millennium Management LLC raised its holdings in Liberty Global by 197.8% in the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company's stock valued at $17,504,000 after acquiring an additional 1,010,118 shares during the period. Nuveen LLC bought a new position in Liberty Global in the 1st quarter valued at about $10,809,000. Finally, AQR Capital Management LLC raised its holdings in Liberty Global by 559.5% in the 1st quarter. AQR Capital Management LLC now owns 1,092,670 shares of the company's stock valued at $12,577,000 after acquiring an additional 926,993 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Price Performance

Liberty Global stock traded down $0.05 during mid-day trading on Friday, reaching $11.90. The company had a trading volume of 1,511,269 shares, compared to its average volume of 1,725,911. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.05 billion, a P/E ratio of -1.22 and a beta of 1.17. The business has a fifty day simple moving average of $10.91 and a 200 day simple moving average of $10.61.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($7.54). 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 analyst estimates of $1.20 billion. On average, equities research analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on LBTYA. Citigroup lowered their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Zacks Research raised shares of Liberty Global to a "hold" rating in a report on Wednesday, September 3rd. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Benchmark reaffirmed a "buy" rating and set a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Finally, UBS Group raised their target price on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.26.

Insider Transactions at Liberty Global

In other news, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction on Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the transaction, the director owned 129,305 shares in the company, valued at approximately $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of Liberty Global stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,980 shares of company stock worth $1,577,091. Company insiders own 13.29% of the company's stock.

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.