Graham Capital Management L.P. Purchases 282,431 Shares of Liberty Global Ltd $LBTYA

Key Points

• Graham Capital Management L.P. has increased its stake in Liberty Global Ltd by 208.1%, owning 418,174 shares valued at approximately $4.81 million after purchasing an additional 282,431 shares in the first quarter.
• Insider trading activity includes CAO Jason Waldron selling 34,380 shares and CFO Charles H. R. Bracken selling 60,000 shares, resulting in significant decreases of their respective positions by 80.40% and 64.36%.
• Liberty Global's recent quarterly earnings report showed a loss of ($8.09) per share, missing analysts' expectations, though revenue came in at $1.27 billion, surpassing estimates of $1.20 billion.

Graham Capital Management L.P. increased its holdings in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 208.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 418,174 shares of the company's stock after acquiring an additional 282,431 shares during the quarter. Graham Capital Management L.P. owned approximately 0.12% of Liberty Global worth $4,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBTYA. CWM LLC boosted its stake in Liberty Global by 81.5% during the 1st 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. Versant Capital Management Inc purchased a new stake in shares of Liberty Global during the 1st quarter worth approximately $50,000. Friedenthal Financial purchased a new position in shares of Liberty Global during the first quarter worth approximately $78,000. GAMMA Investing LLC increased its stake in Liberty Global by 2,370.7% in the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock valued at $78,000 after buying an additional 6,472 shares during the period. Finally, Central Pacific Bank Trust Division boosted its position in shares of Liberty Global by 90.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock worth $121,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on LBTYA shares. UBS Group increased their price objective on shares of Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Citigroup lowered their price objective on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Benchmark reaffirmed a "buy" rating and set a $21.00 price target (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Berenberg Bank upgraded Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, Zacks Research raised Liberty Global to a "hold" rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global currently has an average rating of "Hold" and a consensus price target of $14.26.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the 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 sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $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 can be accessed through this link. Also, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of 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. Insiders sold 136,980 shares of company stock valued at $1,577,091 in the last ninety days. Corporate insiders own 13.29% of the company's stock.

Liberty Global Trading Up 0.9%

Shares of NASDAQ LBTYA traded up $0.11 during midday trading on Friday, hitting $12.02. The company's stock had a trading volume of 684,657 shares, compared to its average volume of 2,069,300. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56. The business's 50 day moving average is $10.70 and its two-hundred day moving average is $10.59. The firm has a market cap of $4.09 billion, a P/E ratio of -1.23 and a beta of 1.17. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts' consensus estimates of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.20 billion. As a group, equities research analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.

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.