KLP Kapitalforvaltning AS Has $590,000 Stake in Liberty Global Ltd $LBTYK

Key Points

• KLP Kapitalforvaltning AS has significantly increased its stake in Liberty Global Ltd by 94.6%, now owning 57,200 shares valued at $590,000.
• Liberty Global recently reported an adjusted EPS of ($8.09), substantially missing estimates and showing a negative net margin of 60.38%.
• Insider transactions show the CFO and CAO have sold significant shares, with total insider sales amounting to $1.58 million over the last quarter.

KLP Kapitalforvaltning AS lifted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 94.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,200 shares of the company's stock after purchasing an additional 27,800 shares during the period. KLP Kapitalforvaltning AS's holdings in Liberty Global were worth $590,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock worth $46,000 after purchasing an additional 3,808 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of Liberty Global during the first quarter worth approximately $67,000. GAMMA Investing LLC lifted its position in shares of Liberty Global by 1,176.4% during the first quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock worth $78,000 after purchasing an additional 6,035 shares in the last quarter. CWM LLC lifted its position in shares of Liberty Global by 19.1% during the first quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after purchasing an additional 1,155 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Liberty Global by 19.0% during the first quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock worth $100,000 after purchasing an additional 1,333 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Up 0.9%

Shares of NASDAQ:LBTYK opened at $11.06 on Friday. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $22.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $3.77 billion, a PE ratio of -1.13 and a beta of 1.08. The company has a 50 day moving average price of $11.65 and a two-hundred day moving average price of $10.81.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its 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 net margin of 60.38% and a negative return on equity of 22.64%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares of the company's stock, valued at $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the sale, 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. Insiders sold 136,980 shares of company stock valued at $1,577,091 over the last quarter. Corporate insiders own 9.86% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of "Sell".

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.

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