Cubist Systematic Strategies LLC Increases Stock Holdings in Liberty Global Ltd $LBTYK

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Liberty Global Ltd by 156.1%, acquiring an additional 282,600 shares, bringing their total ownership to 463,678 shares valued at approximately $5.55 million.
• Liberty Global's stock opened at $12.03 and reported a significant loss of ($8.09) earnings per share in its most recent earnings report, missing analyst expectations.
• Insider transactions included CFO Charles H. R. Bracken selling 60,000 shares, reducing his ownership by 64.36% and highlighting ongoing insider selling activity within the company.

Cubist Systematic Strategies LLC boosted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 156.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 463,678 shares of the company's stock after purchasing an additional 282,600 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.13% of Liberty Global worth $5,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in Liberty Global during the fourth quarter worth about $155,000. Tower Research Capital LLC TRC grew its position in Liberty Global by 25.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock valued at $111,000 after purchasing an additional 1,699 shares in the last quarter. Stifel Financial Corp acquired a new stake in Liberty Global in the 4th quarter worth $217,000. Voya Investment Management LLC boosted its position in Liberty Global by 5.4% in the fourth quarter. Voya Investment Management LLC now owns 27,397 shares of the company's stock valued at $360,000 after buying an additional 1,413 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Liberty Global by 14.9% in the fourth quarter. Northern Trust Corp now owns 975,386 shares of the company's stock valued at $12,817,000 after purchasing an additional 126,725 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

NASDAQ:LBTYK traded down $0.17 during mid-day trading on Monday, reaching $11.93. 1,082,736 shares of the company's stock were exchanged, compared to its average volume of 1,341,504. The business's fifty day simple moving average is $10.95 and its two-hundred day simple moving average is $10.89. Liberty Global Ltd has a one year low of $9.21 and a one year high of $22.14. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $4.06 billion, a PE ratio of -1.22 and a beta of 1.11.

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

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the 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 sale, the chief accounting officer directly owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Miranda Curtis sold 42,600 shares of the business'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 value of $501,402.00. Following the sale, the director owned 129,305 shares of the company's stock, valued at $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock valued at $1,577,091 in the last quarter. 9.86% of the stock is owned by insiders.

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.