Janus Henderson Group PLC Purchases 188,800 Shares of Liberty Global Ltd $LBTYK

Key Points

• Janus Henderson Group increased its Liberty Global stake by 299.2% in the first quarter, purchasing 188,800 additional shares and bringing its holdings to 251,900 shares valued at approximately $2.95 million.
• Analyst sentiment remains negative: Wall Street Zen downgraded the stock to “sell,” Weiss Ratings reiterated a “sell (D-)” rating, and MarketBeat reports a consensus “sell” rating.
• Liberty Global shares opened at $10.24 after falling 2.4%; the company also reported a quarterly loss of $1.07 per share, significantly missing estimates, while revenue of $1.17 billion came in below expectations.

Janus Henderson Group PLC increased its position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 299.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,900 shares of the company's stock after acquiring an additional 188,800 shares during the quarter. Janus Henderson Group PLC owned about 0.07% of Liberty Global worth $2,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Liberty Global in the first quarter valued at approximately $42,000. Jones Financial Companies Lllp lifted its holdings in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock valued at $46,000 after purchasing an additional 3,808 shares during the last quarter. AlphaCore Capital LLC lifted its holdings in shares of Liberty Global by 180.7% during the 4th quarter. AlphaCore Capital LLC now owns 4,604 shares of the company's stock valued at $51,000 after purchasing an additional 2,964 shares during the last quarter. CWM LLC boosted its position in shares of Liberty Global by 28.1% in the 4th quarter. CWM LLC now owns 5,855 shares of the company's stock worth $65,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in Liberty Global by 31.7% during the 1st quarter. Royal Bank of Canada now owns 9,547 shares of the company's stock worth $111,000 after buying an additional 2,299 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LBTYK shares. Wall Street Zen lowered Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of "Sell".

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.86% of the company's stock.

Liberty Global Trading Down 2.4%

NASDAQ LBTYK opened at $10.24 on Friday. Liberty Global Ltd has a 12-month low of $9.30 and a 12-month high of $13.12. The company has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $11.33. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market cap of $3.49 billion, a P/E ratio of -1.14 and a beta of 0.90.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

About Liberty Global

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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