Long Focus Capital Management LLC Raises Stock Holdings in Liberty Global Ltd $LBTYK

Key Points

• Long Focus Capital Management LLC increased its holdings in Liberty Global Ltd by 3.6%, owning approximately 1.49 million shares worth $17.89 million as of the most recent SEC filing.
• Insider transactions were significant, with CFO Charles H.R. Bracken selling 60,000 shares, representing a 64.36% decrease in his position, while Director Miranda Curtis sold 42,600 shares, a 24.78% decrease in hers.
• Liberty Global reported a significant earnings miss, with earnings per share at ($8.09), missing the consensus estimate of ($0.44), alongside a revenue of $1.27 billion for the quarter.

Long Focus Capital Management LLC grew its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,494,400 shares of the company's stock after acquiring an additional 52,400 shares during the quarter. Long Focus Capital Management LLC owned 0.43% of Liberty Global worth $17,888,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LBTYK. Janney Montgomery Scott LLC lifted its holdings in shares of Liberty Global by 6.4% during the first quarter. Janney Montgomery Scott LLC now owns 597,190 shares of the company's stock valued at $7,148,000 after purchasing an additional 35,778 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Liberty Global during the first quarter valued at $487,000. Deutsche Bank AG lifted its holdings in shares of Liberty Global by 221.4% during the fourth quarter. Deutsche Bank AG now owns 53,911 shares of the company's stock valued at $708,000 after purchasing an additional 37,135 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Liberty Global by 61.4% during the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock valued at $13,533,000 after purchasing an additional 430,251 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Liberty Global by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock valued at $40,611,000 after purchasing an additional 47,748 shares in the last quarter. 46.10% of the stock is owned by institutional investors.

Insider Activity

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the transaction, the director owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $678,600.00. Following the completion of the transaction, the chief financial officer directly owned 33,220 shares in the company, 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 have sold a total of 136,980 shares of company stock valued at $1,577,091 over the last ninety days. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded up $0.22 during midday trading on Wednesday, reaching $12.03. 630,236 shares of the company's stock traded hands, compared to its average volume of 1,352,287. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -1.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Global Ltd has a one year low of $9.21 and a one year high of $22.14. The stock has a 50 day moving average of $10.83 and a 200 day moving average of $10.89.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (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%.

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.