Gamco Investors INC. ET AL Buys 84,812 Shares of Liberty Global Ltd $LBTYA

Key Points

• Gamco Investors INC. ET AL raised its stake in Liberty Global Ltd by 5.6%, owning approximately 0.47% of the company's stock valued at $18.6 million after purchasing additional shares.
• Several analysts have provided mixed ratings for Liberty Global, with consensus being a "Hold" and an average target price of $14.26, amidst an upgrade and downgrades from various institutions.
• Insider trading saw significant activity, with CAO Jason Waldron and Director Miranda Curtis selling a total of 76,980 shares, reflecting notable decreases in their ownership stakes.

Gamco Investors INC. ET AL grew its position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 5.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,612,282 shares of the company's stock after purchasing an additional 84,812 shares during the quarter. Gamco Investors INC. ET AL owned approximately 0.47% of Liberty Global worth $18,557,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of LBTYA. CWM LLC boosted its stake 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 purchasing an additional 1,026 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Liberty Global during the 1st quarter valued at $50,000. Friedenthal Financial acquired a new position in shares of Liberty Global during the 1st quarter valued at $78,000. GAMMA Investing LLC lifted its position 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 valued at $78,000 after acquiring an additional 6,472 shares during the period. Finally, Central Pacific Bank Trust Division lifted its position in shares of Liberty Global by 90.9% during the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock valued at $121,000 after acquiring an additional 5,000 shares during the period. 37.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Barclays set a $11.00 target price on shares of Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Citigroup dropped their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. 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. Finally, Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Two equities 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.26.

Liberty Global Stock Up 0.1%

LBTYA traded up $0.01 during trading on Monday, hitting $11.74. 1,349,741 shares of the company's stock were exchanged, compared to its average volume of 1,866,169. 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 business's 50 day moving average is $10.55 and its two-hundred day moving average is $10.56. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The stock has a market cap of $4.00 billion, a P/E ratio of -1.20 and a beta of 1.17.

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

Insider Activity

In other news, CAO Jason Waldron sold 34,380 shares of the 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 sale, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 136,980 shares of company stock worth $1,577,091 over the last quarter. Insiders own 11.51% of the company's stock.

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.