Contour Asset Management LLC Buys 1,298,047 Shares of 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 grew its position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 64.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,314,529 shares of the company's stock after acquiring an additional 1,298,047 shares during the period. Liberty Global comprises about 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC grew its position in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after acquiring an additional 1,026 shares during the period. Versant Capital Management Inc bought a new stake in shares of Liberty Global during the 1st quarter worth about $50,000. Cubist Systematic Strategies LLC bought a new stake in shares of Liberty Global during the 1st quarter worth about $64,000. Friedenthal Financial bought a new stake in shares of Liberty Global during the 1st quarter worth about $78,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Global by 2,370.7% during the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after buying an additional 6,472 shares during the period. Institutional investors own 37.20% of the company's stock.

Analyst Upgrades and Downgrades

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

Liberty Global Price Performance

Liberty Global stock traded down $0.03 during mid-day trading on Friday, hitting $11.88. 1,540,225 shares of the company traded hands, compared to its average volume of 1,688,161. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.56. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of -1.22 and a beta of 1.17. 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 stock has a fifty day moving average price of $10.74 and a 200-day moving average price of $10.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by ($7.54). The business had revenue of $1.27 billion during 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 predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Insider Transactions at Liberty Global

In related news, Director Miranda Curtis sold 42,600 shares of the company's stock in a transaction on 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. This represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the business's 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 transaction, the chief financial officer directly owned 33,220 shares in the company, valued at approximately $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. 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. 13.29% of the stock is currently owned by insiders.

About Liberty Global

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.