Dynamic Technology Lab Private Ltd Makes New Investment in Liberty Global Ltd $LBTYA

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 purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 56,614 shares of the company's stock, valued at approximately $652,000.

Several other institutional investors have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC increased its position in shares of Liberty Global by 14.1% during the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock worth $228,305,000 after purchasing an additional 2,458,406 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Liberty Global by 4.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after purchasing an additional 198,269 shares during the last quarter. Contour Asset Management LLC increased its position in shares of Liberty Global by 64.4% during the 1st quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company's stock worth $38,150,000 after purchasing an additional 1,298,047 shares during the last quarter. First Wilshire Securities Management Inc. increased its position in shares of Liberty Global by 1.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 2,298,762 shares of the company's stock worth $26,459,000 after purchasing an additional 34,367 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Liberty Global by 5.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,612,282 shares of the company's stock worth $18,557,000 after purchasing an additional 84,812 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the company's stock in a transaction 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 sale, the chief financial officer directly owned 33,220 shares in the company, valued at $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Miranda Curtis sold 42,600 shares of the company's stock in a transaction on 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 owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,980 shares of company stock worth $1,577,091 in the last ninety days. 13.29% of the stock is owned by insiders.

Liberty Global Price Performance

Shares of NASDAQ:LBTYA traded down $0.03 during trading on Monday, reaching $11.88. 172,734 shares of the company traded hands, compared to its average volume of 2,059,761. The company's 50 day moving average is $10.91 and its two-hundred day moving average is $10.59. The firm has a market capitalization of $4.05 billion, a PE ratio of -1.22 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released 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). The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. As a group, sell-side analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LBTYA. Zacks Research raised Liberty Global to a "hold" rating in a research report on Wednesday, September 3rd. Citigroup decreased their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. UBS Group boosted their target price on Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Berenberg Bank raised Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, Benchmark reissued 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. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global currently has a consensus rating of "Hold" and an average target price of $14.26.

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.