Contour Asset Management LLC Has $38.15 Million Holdings in Liberty Global Ltd $LBTYA

Key Points

• Contour Asset Management LLC raised its stake in Liberty Global Ltd by 64.4%, owning 3,314,529 shares after purchasing an additional 1,298,047 shares in the first quarter.
• Liberty Global reported a surprising ($8.09) EPS for the quarter, significantly missing the consensus estimate of (0.55), and had a revenue of $1.27 billion during the same period.
• Institutional investors own approximately 37.20% of Liberty Global's stock, with the stock receiving a mix of ratings from analysts, including two "Buy" ratings and five "Hold" ratings.

Contour Asset Management LLC lifted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 64.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,314,529 shares of the company's stock after acquiring an additional 1,298,047 shares during the quarter. Liberty Global accounts for 1.5% of Contour Asset Management LLC's portfolio, making the stock its 23rd largest holding. Contour Asset Management LLC owned 0.96% of Liberty Global worth $38,150,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. ACR Alpine Capital Research LLC boosted its stake in shares of Liberty Global by 14.1% during the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock worth $228,305,000 after acquiring an additional 2,458,406 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Liberty Global by 4.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after acquiring an additional 198,269 shares in the last quarter. First Wilshire Securities Management Inc. boosted its stake in shares of Liberty Global by 1.5% during the 1st quarter. First Wilshire Securities Management Inc. now owns 2,298,762 shares of the company's stock worth $26,459,000 after acquiring an additional 34,367 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Liberty Global by 5.6% during the 1st quarter. Gamco Investors INC. ET AL now owns 1,612,282 shares of the company's stock worth $18,557,000 after acquiring an additional 84,812 shares in the last quarter. Finally, ARGA Investment Management LP boosted its stake in shares of Liberty Global by 34.7% during the 1st quarter. ARGA Investment Management LP now owns 1,361,865 shares of the company's stock worth $15,675,000 after acquiring an additional 351,133 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Insider Activity at Liberty Global

In related news, Director Miranda Curtis sold 42,600 shares of the firm's 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 directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,980 shares of company stock worth $1,577,091. Insiders own 11.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LBTYA. Berenberg Bank raised Liberty Global to a "hold" rating in a research report on Thursday, June 26th. Citigroup decreased their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Benchmark reaffirmed a "buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. UBS Group raised their target price on Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Finally, Zacks Research raised Liberty Global to a "hold" rating in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $14.26.

Liberty Global Trading Down 0.3%

Liberty Global stock traded down $0.03 during mid-day trading on Friday, hitting $11.88. 1,540,225 shares of the company's stock were exchanged, compared to its average volume of 1,662,922. The firm has a market capitalization of $4.05 billion, a P/E ratio of -1.22 and a beta of 1.17. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The company's 50 day simple moving average is $10.74 and its 200-day simple moving average is $10.58.

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

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.