Liberty Global Ltd $LBTYA Shares Sold by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC has reduced its stake in Liberty Global Ltd (NASDAQ:LBTYA) by 2.2%, selling 30,000 shares, and now holds approximately 1.31 million shares valued at around $15.1 million.
• Analysts have mixed views on Liberty Global, with price targets ranging from $10.60 to $21.00, leading to an overall average rating of "Hold" and a consensus price target of $14.26.
• Recent financial results showed Liberty Global reported a significant loss of ($8.09) earnings per share for the quarter, missing estimates, despite revenue surpassing expectations at $1.27 billion.

Gabelli Funds LLC decreased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,314,795 shares of the company's stock after selling 30,000 shares during the period. Gabelli Funds LLC owned about 0.38% of Liberty Global worth $15,133,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. CWM LLC lifted its position in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after purchasing an additional 1,026 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Liberty Global by 11.8% during the first quarter. Private Advisor Group LLC now owns 20,163 shares of the company's stock worth $232,000 after purchasing an additional 2,123 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its position in shares of Liberty Global by 10.8% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company's stock worth $284,000 after purchasing an additional 2,406 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Liberty Global by 5.6% during the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock worth $829,000 after purchasing an additional 3,437 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Liberty Global by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company's stock worth $412,000 after purchasing an additional 4,128 shares during the last quarter. Institutional investors own 37.20% of the company's stock.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Miranda Curtis sold 42,600 shares of the firm's stock in a transaction that occurred 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 $1,521,919.85. This represents a 24.78% 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. 11.51% of the stock is owned by company insiders.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA traded up $0.01 during trading hours on Monday, hitting $11.74. The stock had a trading volume of 1,349,741 shares, compared to its average volume of 1,866,169. The stock's fifty day simple moving average is $10.55 and its 200 day simple moving average is $10.56. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $21.56. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of -1.20 and a beta of 1.17. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. Sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LBTYA shares. UBS Group increased their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Citigroup cut their target price 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. Finally, Benchmark reissued 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. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Liberty Global currently has an average rating of "Hold" and an average price target of $14.26.

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.