Invesco Ltd. Grows Stake in Liberty Global Ltd $LBTYK

Key Points

• Invesco Ltd. increased its holdings in Liberty Global Ltd by 24.7%, acquiring 138,907 additional shares, bringing its total ownership to 701,683 shares valued at approximately $8.4 million.
• Liberty Global's recent earnings report showed a loss of ($8.09) earnings per share, missing estimates by ($7.65), though revenue surpassed analyst forecasts at $1.27 billion.
• Insider trading activity included significant sales by the CAO and CFO, with the CAO reducing his stake by 80.4% and the CFO by 64.36%, indicating potential concerns about the company's outlook.

Invesco Ltd. grew its holdings in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 701,683 shares of the company's stock after buying an additional 138,907 shares during the quarter. Invesco Ltd. owned approximately 0.20% of Liberty Global worth $8,399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming purchased a new stake in Liberty Global in the 4th quarter worth approximately $33,000. Parallel Advisors LLC raised its position in shares of Liberty Global by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock worth $61,000 after acquiring an additional 1,059 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Liberty Global by 1,176.4% in the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock worth $78,000 after acquiring an additional 6,035 shares in the last quarter. CWM LLC raised its position in shares of Liberty Global by 19.1% in the 1st quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after acquiring an additional 1,155 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Liberty Global by 19.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock worth $100,000 after acquiring an additional 1,333 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value 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 approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction that occurred on 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 directly owned 8,383 shares of the company's stock, valued at $96,823.65. This represents a 80.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,980 shares of company stock valued at $1,577,091. Corporate insiders own 9.86% of the company's stock.

Liberty Global Stock Up 0.3%

Shares of NASDAQ:LBTYK traded up $0.03 during trading on Friday, hitting $11.95. The stock had a trading volume of 847,208 shares, compared to its average volume of 1,088,510. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $22.14. The company has a market capitalization of $4.07 billion, a PE ratio of -1.22 and a beta of 1.11. The firm's fifty day moving average is $10.77 and its 200 day moving average is $10.87. 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 (NASDAQ:LBTYK - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($7.65). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion.

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.