Liberty Global Ltd $LBTYA Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. reduced its holdings in Liberty Global Ltd by 38.9%, now owning 197,669 shares valued at approximately $2.28 million as of their latest SEC filing.
• Several hedge funds have increased their stakes in Liberty Global, with GAMMA Investing LLC raising its stake by a significant 2,370.7%, acquiring a total of 6,745 shares valued at $78,000.
• Liberty Global reported a quarterly loss of ($8.09) EPS, significantly missing analysts' expectations, while its stock currently has a consensus "Hold" rating with an average price target of $14.26.

Invesco Ltd. reduced its position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 38.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 197,669 shares of the company's stock after selling 126,015 shares during the quarter. Invesco Ltd. owned about 0.06% of Liberty Global worth $2,275,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in 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 during the last quarter. Private Advisor Group LLC grew its holdings in Liberty Global by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 20,163 shares of the company's stock valued at $232,000 after buying an additional 2,123 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its holdings in Liberty Global by 10.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company's stock valued at $284,000 after buying an additional 2,406 shares in the last quarter. Voya Investment Management LLC grew its holdings in Liberty Global by 5.6% in the 4th quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock valued at $829,000 after buying an additional 3,437 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Liberty Global by 14.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company's stock valued at $412,000 after buying an additional 4,128 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was 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 directly owned 33,220 shares in the company, valued at $375,718.20. This trade represents a 64.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jason Waldron sold 34,380 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares of the company's stock, valued at $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,980 shares of company stock worth $1,577,091 in the last three months. 13.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on LBTYA shares. Berenberg Bank upgraded Liberty Global to a "hold" rating in a report on Thursday, June 26th. Benchmark restated a "buy" rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Citigroup dropped their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, UBS Group upped their target price on Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $14.26.

Liberty Global Trading Up 0.8%

NASDAQ:LBTYA traded up $0.09 during trading hours on Thursday, reaching $11.91. 1,512,047 shares of the stock were exchanged, compared to its average volume of 1,743,266. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average of $10.70 and a two-hundred day moving average of $10.59. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $21.56. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -1.22 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced 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 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 $1.20 billion. On average, equities analysts predict that Liberty Global Ltd will post -1.35 EPS for the current year.

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.