Liberty Global Ltd $LBTYK Stock Position Lifted by Millennium Management LLC

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

Several other hedge funds have also recently made changes to their positions in LBTYK. State of Wyoming purchased a new position in shares of Liberty Global in the fourth quarter valued at $33,000. Parallel Advisors LLC boosted its holdings in Liberty Global by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock valued at $61,000 after acquiring an additional 1,059 shares during the period. Summit Securities Group LLC bought a new position in Liberty Global during the 1st quarter valued at approximately $67,000. GAMMA Investing LLC raised its position in Liberty Global by 1,176.4% during the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock valued at $78,000 after purchasing an additional 6,035 shares during the last quarter. Finally, CWM LLC raised its position in shares of Liberty Global by 19.1% in the 1st quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after acquiring an additional 1,155 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Jason Waldron sold 34,380 shares of the company's 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 transaction, the chief accounting officer 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the sale, the chief financial officer 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 136,980 shares of company stock valued at $1,577,091. 9.86% of the stock is currently owned by insiders.

Liberty Global Stock Up 0.4%

Shares of Liberty Global stock traded up $0.05 during midday trading on Monday, hitting $12.00. The company had a trading volume of 919,107 shares, compared to its average volume of 1,334,207. The company has a 50 day moving average of $11.12 and a 200 day moving average of $10.89. 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 52-week low of $9.21 and a 52-week high of $22.14. The stock has a market capitalization of $4.09 billion, a P/E ratio of -1.23 and a beta of 1.11.

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

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.