Liberty Global Ltd $LBTYA Shares Acquired by Bank of America Corp DE

Key Points

• Bank of America increased its Liberty Global stake by 16.4% in the first quarter, adding 95,244 shares to own 675,086 shares valued at approximately $8.16 million. Institutional investors collectively own 37.2% of the stock.
• Liberty Global reported a quarterly loss of $1.07 per share, missing the $0.48 consensus estimate, while revenue of $1.17 billion also fell short of expectations. The company posted a negative net margin of 62.12%.
• Analyst sentiment remains mixed, with one Buy, four Hold and one Sell rating and a consensus price target of $13.22. Meanwhile, director J. David Wargo sold 55,000 shares, reducing his position by roughly half.

Bank of America Corp DE lifted its position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 16.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 675,086 shares of the company's stock after acquiring an additional 95,244 shares during the quarter. Bank of America Corp DE owned 0.20% of Liberty Global worth $8,162,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Liberty Global during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock valued at $28,000 after purchasing an additional 1,238 shares during the period. Headlands Technologies LLC bought a new position in Liberty Global during the 2nd quarter worth $47,000. IFP Advisors Inc grew its stake in Liberty Global by 128.8% during the 4th quarter. IFP Advisors Inc now owns 5,640 shares of the company's stock worth $63,000 after buying an additional 3,175 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Liberty Global in the first quarter worth $64,000. 37.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.34% of the company's stock.

Liberty Global Trading Up 0.7%

NASDAQ:LBTYA opened at $10.72 on Tuesday. Liberty Global Ltd has a 1 year low of $9.43 and a 1 year high of $13.52. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of -1.19 and a beta of 0.94. The business has a fifty day moving average of $10.74 and a 200-day moving average of $11.62. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued 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 the consensus estimate of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. Equities analysts predict that Liberty Global Ltd will post -1.46 earnings per share for the current year.

Analyst Ratings Changes

LBTYA has been the topic of a number of recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. UBS Group dropped their price objective on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Zacks Research upgraded shares of Liberty Global from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Pivotal Research restated a "buy" rating and issued a $18.00 target price on shares of Liberty Global in a research report on Monday, May 4th. Finally, Barclays decreased their target price on shares of Liberty Global from $13.00 to $10.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $13.22.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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