Janney Montgomery Scott LLC Trims Stock Holdings in Liberty Global Ltd $LBTYK

Key Points

• Janney Montgomery Scott LLC has reduced its stake in Liberty Global Ltd by 4.9%, owning 567,898 shares valued at approximately $5.85 million after selling 29,292 shares during the second quarter.
• Liberty Global received a "sell (d-)" rating from Weiss Ratings, with one analyst also rating the stock as a Sell, contributing to a consensus sell rating for the company.
• Insiders have significantly sold shares recently, with CFO Charles H. R. Bracken selling 60,000 shares, resulting in a 64.36% reduction in his ownership of the stock.

Janney Montgomery Scott LLC reduced its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 567,898 shares of the company's stock after selling 29,292 shares during the quarter. Janney Montgomery Scott LLC owned about 0.16% of Liberty Global worth $5,855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Perigon Wealth Management LLC lifted its position in shares of Liberty Global by 6.5% in the second quarter. Perigon Wealth Management LLC now owns 25,398 shares of the company's stock valued at $262,000 after acquiring an additional 1,559 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of Liberty Global by 77.4% in the second quarter. Parallel Advisors LLC now owns 9,060 shares of the company's stock valued at $93,000 after acquiring an additional 3,953 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Liberty Global by 6.3% in the first quarter. Voya Investment Management LLC now owns 29,135 shares of the company's stock valued at $349,000 after acquiring an additional 1,738 shares in the last quarter. Strs Ohio purchased a new stake in shares of Liberty Global in the first quarter valued at $1,354,000. Finally, Jane Street Group LLC lifted its position in shares of Liberty Global by 6.4% in the first quarter. Jane Street Group LLC now owns 298,059 shares of the company's stock valued at $3,568,000 after acquiring an additional 17,903 shares in the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Global currently has a consensus rating of "Sell".

Insider Activity

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the sale, the director owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,980 shares of company stock worth $1,577,091. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK opened at $11.61 on Tuesday. The firm has a market capitalization of $3.96 billion, a PE ratio of -1.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The business has a 50-day moving average of $11.59 and a two-hundred day moving average of $10.85. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $22.10.

Liberty Global (NASDAQ:LBTYK - 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 ($0.44) 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 for the quarter, compared to analyst estimates 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.

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