First Wilshire Securities Management Inc. Acquires 34,367 Shares of Liberty Global Ltd $LBTYA

Key Points

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First Wilshire Securities Management Inc. boosted its stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,298,762 shares of the company's stock after acquiring an additional 34,367 shares during the quarter. Liberty Global comprises about 7.6% of First Wilshire Securities Management Inc.'s holdings, making the stock its 3rd largest holding. First Wilshire Securities Management Inc. owned approximately 0.67% of Liberty Global worth $26,459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC raised its position in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after purchasing an additional 1,026 shares in the last quarter. Versant Capital Management Inc acquired a new position in Liberty Global during the 1st quarter valued at approximately $50,000. Friedenthal Financial acquired a new position in Liberty Global during the 1st quarter valued at approximately $78,000. GAMMA Investing LLC boosted its position in Liberty Global by 2,370.7% during the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock valued at $78,000 after purchasing an additional 6,472 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in Liberty Global by 90.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock valued at $121,000 after acquiring an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were 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 owned 33,220 shares of the company's stock, valued at $375,718.20. The trade was a 64.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the business's 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 directly owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their position. The disclosure for this sale can be found here. 13.29% of the stock is owned by insiders.

Liberty Global Stock Up 2.0%

NASDAQ:LBTYA traded up $0.23 during trading hours on Friday, reaching $11.68. The company's stock had a trading volume of 1,780,292 shares, compared to its average volume of 2,287,581. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -1.20 and a beta of 1.13. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.56. The business's 50-day moving average is $10.36 and its 200-day moving average is $10.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued 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 ($0.55) by ($7.54). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. Equities research analysts predict that Liberty Global Ltd will post -1.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LBTYA shares. Citigroup cut their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Barclays set a $11.00 price target on Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. UBS Group increased their price target on Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Benchmark restated a "buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Finally, Berenberg Bank raised shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Liberty Global currently has an average 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.