Deutsche Bank AG Reduces Stock Holdings in Liberty Global Ltd $LBTYA

Key Points

• Deutsche Bank AG significantly cut its stake in Liberty Global Ltd by 94.0% during the first quarter, leaving them with only 18,023 shares valued at $207,000.
• Several institutional investors, including Ameriprise Financial and Bank of New York Mellon, increased their stakes, with Ameriprise raising its position by 10.5%.
• Liberty Global reported a quarterly loss of ($8.09) EPS, missing estimates and showing a negative net margin of 60.38%, despite a revenue of $1.27 billion.

Deutsche Bank AG reduced its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 94.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,023 shares of the company's stock after selling 282,497 shares during the period. Deutsche Bank AG's holdings in Liberty Global were worth $207,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Atria Wealth Solutions Inc. bought a new position in Liberty Global during the 1st quarter worth $145,000. New Age Alpha Advisors LLC raised its position in shares of Liberty Global by 245.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 19,749 shares of the company's stock worth $227,000 after acquiring an additional 14,024 shares in the last quarter. ING Groep NV raised its position in shares of Liberty Global by 175.5% in the 1st quarter. ING Groep NV now owns 179,100 shares of the company's stock worth $2,061,000 after acquiring an additional 114,100 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Liberty Global in the 1st quarter worth about $1,029,000. Finally, GSA Capital Partners LLP raised its position in shares of Liberty Global by 335.6% in the 1st quarter. GSA Capital Partners LLP now owns 204,648 shares of the company's stock worth $2,355,000 after acquiring an additional 157,668 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Insider Transactions at Liberty Global

In other news, 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 transaction, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. The trade was a 80.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the transaction, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. The trade was a 64.36% 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 in the last 90 days. Insiders own 13.29% of the company's stock.

Analysts Set New Price Targets

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

Liberty Global Stock Up 0.8%

LBTYA stock traded up $0.09 during mid-day trading on Thursday, reaching $11.91. 1,512,047 shares of the company traded hands, compared to its average volume of 1,743,266. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -1.22 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The firm's 50 day moving average price is $10.70 and its 200 day moving average price is $10.59.

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