Trexquant Investment LP Has $6.88 Million Position in Liberty Global Ltd $LBTYA

Key Points

• Trexquant Investment LP increased its holdings in Liberty Global Ltd by 62% during the first quarter, now owning 597,861 shares valued at $6.88 million.
• Analysts have mixed opinions on Liberty Global, with a range of price targets; UBS recently raised its target to $11.80, while Benchmark set a higher target at $21.00 with a "buy" rating.
• Liberty Global reported a significant earnings miss with ($8.09) per share, compared to estimates of ($0.55), despite revenue exceeding analyst expectations at $1.27 billion.

Trexquant Investment LP boosted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 62.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 597,861 shares of the company's stock after buying an additional 228,777 shares during the quarter. Trexquant Investment LP owned approximately 0.17% of Liberty Global worth $6,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC grew its position in shares of Liberty Global by 81.5% in the first quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after purchasing an additional 1,026 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Liberty Global by 11.8% in the 1st quarter. Private Advisor Group LLC now owns 20,163 shares of the company's stock worth $232,000 after buying an additional 2,123 shares in the last quarter. Turtle Creek Wealth Advisors LLC grew its position in Liberty Global by 10.8% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 24,657 shares of the company's stock worth $284,000 after purchasing an additional 2,406 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Liberty Global by 5.6% in the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock valued at $829,000 after acquiring an additional 3,437 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Liberty Global by 14.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company's stock valued at $412,000 after purchasing an additional 4,128 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.77, for a total transaction of $501,402.00. Following the sale, the director owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the transaction, the chief accounting officer directly owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock worth $1,577,091 over the last 90 days. Corporate insiders own 13.29% of the company's stock.

Analyst Ratings Changes

LBTYA has been the topic of a number of recent research reports. UBS Group raised their price target on shares of Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Liberty Global to a "hold" rating in a research note on Wednesday. Citigroup lowered their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note 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 note on Monday, August 4th. Finally, Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $14.26.

Liberty Global Price Performance

NASDAQ LBTYA traded up $0.09 on Friday, reaching $12.00. 526,940 shares of the stock traded hands, compared to its average volume of 2,068,525. 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 has a market cap of $4.09 billion, a price-to-earnings ratio of -1.23 and a beta of 1.17. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $21.56. The firm's fifty day simple moving average is $10.70 and its 200 day simple moving average is $10.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued 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). 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 during the quarter, compared to analyst estimates of $1.20 billion. As a group, research analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

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.