Baupost Group LLC MA Has $295.15 Million Position in Liberty Global Ltd $LBTYK

Key Points

• Baupost Group LLC has reduced its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 37.5%, now holding 24,657,803 shares, making it the firm's 4th largest position at 8.4% of its portfolio.
• Corporate insiders have seen significant sell-offs, with the Chief Accounting Officer and Chief Financial Officer both reducing their holdings by over 64% in August.
• Liberty Global reported a disappointing quarterly loss of ($8.09) earnings per share, significantly below analyst estimates, while also exceeding revenue expectations at $1.27 billion.

Baupost Group LLC MA lessened its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 37.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,657,803 shares of the company's stock after selling 14,796,040 shares during the period. Liberty Global accounts for approximately 8.4% of Baupost Group LLC MA's holdings, making the stock its 4th biggest position. Baupost Group LLC MA owned 7.07% of Liberty Global worth $295,154,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wells Fargo & Company MN increased its stake in Liberty Global by 9.3% during the fourth quarter. Wells Fargo & Company MN now owns 115,278 shares of the company's stock worth $1,515,000 after acquiring an additional 9,797 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Liberty Global during the 4th quarter valued at approximately $155,000. Dimensional Fund Advisors LP raised its holdings in Liberty Global by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after buying an additional 796,034 shares during the period. Tower Research Capital LLC TRC lifted its position in Liberty Global by 25.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock worth $111,000 after buying an additional 1,699 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Liberty Global in the fourth quarter worth $217,000. Institutional investors own 46.10% of the company's stock.

Insider Activity

In related news, Director Miranda Curtis sold 42,600 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This trade represents a 24.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction 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 directly owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 136,980 shares of company stock valued at $1,577,091. Company insiders own 9.86% of the company's stock.

Liberty Global Trading Down 0.4%

LBTYK traded down $0.05 on Friday, reaching $11.88. 237,371 shares of the company traded hands, compared to its average volume of 1,355,209. The company has a market cap of $4.05 billion, a P/E ratio of -1.22 and a beta of 1.08. 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 one year low of $9.21 and a one year high of $22.14. The firm has a fifty day simple moving average of $10.73 and a two-hundred day simple moving average of $10.88.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.44) by ($7.65). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.22 billion.

Liberty Global Company 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.