Northern Trust Corp Cuts Stock Position in Liberty Global Ltd $LBTYA

Key Points

• Northern Trust Corp reduced its stake in Liberty Global Ltd by 11.4%, selling 117,848 shares and holding approximately 913,018 shares valued at $10.5 million.
• Liberty Global reported a significant loss of ($8.09) EPS last quarter, missing estimates, but its revenue exceeded expectations at $1.27 billion.
• Recent analyst ratings show mixed sentiment for Liberty Global, with some upgrading to "hold" while others have set varied price targets, reflecting uncertain market confidence.

Northern Trust Corp cut its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 11.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 913,018 shares of the company's stock after selling 117,848 shares during the period. Northern Trust Corp owned about 0.26% of Liberty Global worth $10,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC increased its stake in Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after purchasing an additional 1,026 shares during the period. Versant Capital Management Inc purchased a new stake in shares of Liberty Global during the first quarter worth approximately $50,000. Friedenthal Financial purchased a new stake in shares of Liberty Global during the first quarter worth approximately $78,000. GAMMA Investing LLC increased its stake in shares of Liberty Global by 2,370.7% during the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after buying an additional 6,472 shares during the period. Finally, Central Pacific Bank Trust Division increased its stake in shares of Liberty Global by 90.9% during the first quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock worth $121,000 after buying an additional 5,000 shares during the period. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $11.88 on Friday. The firm has a market capitalization of $4.05 billion, a P/E ratio of -1.22 and a beta of 1.17. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56. 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 firm's 50 day moving average is $10.74 and its two-hundred day moving average is $10.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. Research analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insider Activity

In other news, Director Miranda Curtis sold 42,600 shares of the 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 completion of the sale, the director directly 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 this hyperlink. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were 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 of the company's stock, valued at $96,823.65. The trade was a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,980 shares of company stock valued at $1,577,091. 13.29% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of Liberty Global to a "hold" rating in a research note on Wednesday. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Benchmark restated a "buy" rating and set a $21.00 target price (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. UBS Group upped their target price on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research note on Wednesday, August 6th. Finally, Citigroup cut their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $14.26.

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.

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