Gabelli Funds LLC Sells 192,000 Shares of Liberty Global Ltd $LBTYK

Key Points

• Gabelli Funds LLC reduced its stake in Liberty Global Ltd by 14.7%, selling 192,000 shares and retaining approximately 1,114,264 shares valued at $13.3 million.
• Other institutional investors adjusted their holdings, with Janney Montgomery Scott LLC increasing its stake by 6.4% and Deutsche Bank AG boosting its stake by 221.4% in recent quarters.
• Liberty Global reported an EPS loss of ($8.09) for the quarter, significantly below estimates, with revenue of $1.27 billion compared to expectations of $1.22 billion.

Gabelli Funds LLC reduced its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 14.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,264 shares of the company's stock after selling 192,000 shares during the period. Gabelli Funds LLC owned 0.32% of Liberty Global worth $13,338,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LBTYK. Raymond James Financial Inc. purchased a new position in Liberty Global during the 4th quarter valued at about $155,000. Dimensional Fund Advisors LP lifted its position in Liberty Global by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after acquiring an additional 796,034 shares during the period. Tower Research Capital LLC TRC lifted its position in Liberty Global by 25.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock valued at $111,000 after acquiring an additional 1,699 shares during the period. Stifel Financial Corp purchased a new stake in Liberty Global during the 4th quarter valued at about $217,000. Finally, Voya Investment Management LLC grew its position in Liberty Global by 5.4% during the 4th quarter. Voya Investment Management LLC now owns 27,397 shares of the company's stock valued at $360,000 after purchasing an additional 1,413 shares during the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Up 0.3%

LBTYK stock traded up $0.03 during trading on Monday, hitting $11.95. 847,208 shares of the stock traded hands, compared to its average volume of 1,088,510. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14. The firm's 50 day moving average is $10.77 and its two-hundred day moving average is $10.87. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of -1.22 and a beta of 1.11. 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:LBTYK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.44) by ($7.65). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.22 billion.

Insider Activity at Liberty Global

In related news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction 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 represents a 80.40% decrease in their position. 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 the company's stock in a transaction dated 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 $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. In 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.