Millennium Management LLC Purchases 1,224,873 Shares of Liberty Global Ltd $LBTYK

Key Points

• Millennium Management LLC significantly increased its stake in Liberty Global Ltd by 134.6%, bringing its total ownership to approximately $25.55 million as of the latest SEC filing.
• Liberty Global's recent earnings report revealed a loss of ($8.09) EPS, missing analyst expectations, even though the company's revenue for the quarter was above estimates at $1.27 billion.
• Insider transactions showed significant selling activity, with CAO Jason Waldron and CFO Charles H. R. Bracken selling a combined total of 94,380 shares in August, leading to an 80.40% and 64.36% decrease in their positions, respectively.

Millennium Management LLC grew its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 134.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,134,771 shares of the company's stock after purchasing an additional 1,224,873 shares during the period. Millennium Management LLC owned approximately 0.61% of Liberty Global worth $25,553,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of Liberty Global by 26.2% during the first quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock worth $61,000 after buying an additional 1,059 shares in the last quarter. CWM LLC boosted its position in shares of Liberty Global by 19.1% during the 1st quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after purchasing an additional 1,155 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company's stock valued at $100,000 after acquiring an additional 1,333 shares during the period. Northeast Financial Consultants Inc boosted its position in Liberty Global by 18.1% in the 4th quarter. Northeast Financial Consultants Inc now owns 12,261 shares of the company's stock valued at $161,000 after buying an additional 1,875 shares during the period. Finally, Chemistry Wealth Management LLC boosted its stake in shares of Liberty Global by 7.8% in the 1st quarter. Chemistry Wealth Management LLC now owns 33,533 shares of the company's stock valued at $401,000 after buying an additional 2,423 shares during the period. Hedge funds and other institutional investors own 46.10% of the company's stock.

Insider Activity

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the company's 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 sale, the chief financial officer directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the completion of the sale, the chief accounting officer directly owned 8,383 shares of the company's stock, valued at $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,980 shares of company stock worth $1,577,091 over the last ninety days. Corporate insiders own 9.86% of the company's stock.

Liberty Global Stock Up 1.4%

NASDAQ LBTYK traded up $0.17 during trading on Wednesday, reaching $12.09. 100,364 shares of the company's stock were exchanged, compared to its average volume of 1,326,056. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14. The stock has a market cap of $4.12 billion, a P/E ratio of -1.24 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. The company has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $10.90.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings results 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 return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.22 billion.

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.