Northern Trust Corp Trims Stock Position in Liberty Global Ltd $LBTYK

Key Points

• Northern Trust Corp reduced its holdings in Liberty Global Ltd by 6.8% in the 1st quarter, owning 909,451 shares valued at $10.89 million.
• Liberty Global reported a loss of ($8.09) EPS for the quarter, significantly missing the consensus estimate of (-$0.44), while revenue was $1.27 billion.
• Insider transactions revealed that company directors have recently sold a combined total of 136,980 shares valued at over $1.57 million in the past 90 days.

Northern Trust Corp lessened its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 909,451 shares of the company's stock after selling 65,935 shares during the quarter. Northern Trust Corp owned approximately 0.26% of Liberty Global worth $10,886,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LBTYK. Millennium Management LLC boosted its position in Liberty Global by 268.3% during the 4th quarter. Millennium Management LLC now owns 909,898 shares of the company's stock valued at $11,956,000 after acquiring an additional 662,827 shares in the last quarter. American Century Companies Inc. boosted its position in Liberty Global by 61.4% during the 1st quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock valued at $13,533,000 after acquiring an additional 430,251 shares in the last quarter. Nuveen LLC bought a new stake in Liberty Global during the 1st quarter valued at $4,198,000. Allianz Asset Management GmbH boosted its position in Liberty Global by 185.2% during the 1st quarter. Allianz Asset Management GmbH now owns 495,002 shares of the company's stock valued at $5,925,000 after acquiring an additional 321,444 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Liberty Global by 56.3% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 655,534 shares of the company's stock valued at $7,847,000 after purchasing an additional 236,017 shares during the last quarter. Institutional investors own 46.10% of the company's stock.

Liberty Global Stock Down 0.4%

Shares of LBTYK traded down $0.05 during midday trading on Friday, hitting $12.09. 594,212 shares of the company's stock traded hands, compared to its average volume of 978,017. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14. The firm's fifty day moving average is $10.95 and its 200-day moving average is $10.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of -1.24 and a beta of 1.11.

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

Insider Activity

In other news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction 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 owned 8,383 shares in the company, valued at approximately $96,823.65. This represents a 80.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction on Monday, August 25th. The shares were 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 approximately $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 136,980 shares of company stock worth $1,577,091. Insiders own 9.86% of the company's stock.

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.