Liberty Global Ltd $LBTYK is Baupost Group LLC MA's 4th Largest Position

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 decreased its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,657,803 shares of the company's stock after selling 14,796,040 shares during the quarter. Liberty Global makes up 8.4% of Baupost Group LLC MA's portfolio, making the stock its 4th biggest holding. Baupost Group LLC MA owned 7.07% of Liberty Global worth $295,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Liberty Global by 14.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock worth $82,852,000 after buying an additional 796,034 shares in the last quarter. Vanguard Group Inc. increased its position in Liberty Global by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company's stock worth $56,976,000 after buying an additional 169,432 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Liberty Global by 1.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company's stock worth $42,293,000 after buying an additional 48,716 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Liberty Global by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock worth $40,611,000 after buying an additional 47,748 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Liberty Global by 61.4% in the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock worth $13,533,000 after acquiring an additional 430,251 shares during the period. Hedge funds and other institutional investors own 46.10% of the company's stock.

Insider Transactions at Liberty Global

In other news, CAO Jason Waldron sold 34,380 shares of the company's stock in a transaction dated Friday, August 15th. The stock was 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 owned 8,383 shares of the company's stock, valued at $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the company's stock in a transaction dated 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 directly owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.86% of the company's stock.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $11.80 on Friday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of -1.21 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. The business has a 50-day moving average price of $10.58 and a 200-day moving average price of $10.86. Liberty Global Ltd has a twelve month low of $9.21 and a twelve month high of $22.14.

Liberty Global (NASDAQ:LBTYK - 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 analysts' consensus estimates of ($0.44) by ($7.65). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

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.

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