Northern Trust Corp Decreases Holdings 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 trimmed its position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. 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 quarter.

Other large investors have also bought and sold shares of the company. State of Wyoming bought a new stake in Liberty Global during the 4th quarter valued at approximately $33,000. Parallel Advisors LLC boosted its position in shares of Liberty Global by 26.2% in the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock worth $61,000 after purchasing an additional 1,059 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Liberty Global in the 1st quarter worth approximately $67,000. GAMMA Investing LLC boosted its position in shares of Liberty Global by 1,176.4% in the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock worth $78,000 after purchasing an additional 6,035 shares in the last quarter. Finally, CWM LLC boosted 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 purchasing an additional 1,155 shares in the last quarter. 46.10% of the stock is owned by institutional investors.

Liberty Global Stock Down 0.2%

Shares of LBTYK traded down $0.02 during mid-day trading on Wednesday, reaching $11.71. The company had a trading volume of 938,214 shares, compared to its average volume of 1,012,574. 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 firm has a 50-day moving average price of $11.04 and a 200 day moving average price of $10.90. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $22.14. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -1.20 and a beta of 1.11.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.22 billion.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the business's stock in a transaction that occurred on 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 $375,718.20. The trade was a 64.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the business'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 completion of the transaction, the chief accounting officer owned 8,383 shares of the company's stock, valued at approximately $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. Insiders sold a total of 136,980 shares of company stock worth $1,577,091 in the last three months. Insiders own 9.86% of the company's stock.

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.