Liberty Global Ltd $LBTYA Shares Acquired by ARGA Investment Management LP

Key Points

• ARGA Investment Management LP increased its stake in Liberty Global Ltd by 10.6% during the second quarter, now owning approximately 1.5 million shares valued at around $15 million.
• Liberty Global reported a loss of ($8.09) earnings per share in its latest quarterly results, significantly missing analysts' expectations of ($0.55).
• Several brokerage firms, including Benchmark and UBS, have recently adjusted their ratings and price targets for Liberty Global, with a consensus price target of $14.26.

ARGA Investment Management LP increased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,506,691 shares of the company's stock after purchasing an additional 144,826 shares during the quarter. Liberty Global accounts for approximately 0.4% of ARGA Investment Management LP's holdings, making the stock its 29th biggest position. ARGA Investment Management LP owned approximately 0.44% of Liberty Global worth $15,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its position in Liberty Global by 81.5% during the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after buying an additional 1,026 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Liberty Global during the first quarter worth about $64,000. SageView Advisory Group LLC acquired a new stake in Liberty Global in the first quarter valued at about $131,000. Atria Wealth Solutions Inc. acquired a new position in Liberty Global during the 1st quarter worth approximately $145,000. Finally, State of Wyoming raised its stake in shares of Liberty Global by 456.7% during the 1st quarter. State of Wyoming now owns 14,542 shares of the company's stock worth $167,000 after buying an additional 11,930 shares in the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Down 0.8%

Shares of Liberty Global stock opened at $10.98 on Friday. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $21.22. 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 price of $11.49 and a 200 day moving average price of $10.58. The company has a market capitalization of $3.74 billion, a P/E ratio of -1.12 and a beta of 1.15.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.20 billion. Sell-side analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LBTYA. Benchmark reaffirmed a "buy" rating and set a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. UBS Group upped their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Wednesday, October 8th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, Zacks Research raised shares of Liberty Global to a "hold" rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $14.26.

Insider Buying and Selling

In other news, Director Miranda Curtis sold 42,600 shares of Liberty Global stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the sale, the director directly owned 129,305 shares in the company, valued at $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction of $397,089.00. Following the transaction, the chief accounting officer directly owned 8,383 shares in the company, valued at $96,823.65. The trade was 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 worth $1,577,091. 13.29% of the stock is owned by corporate insiders.

Liberty Global Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.