PDT Partners LLC Has $3.29 Million Position in Liberty Global Ltd $LBTYK

Key Points

• PDT Partners LLC significantly increased its stake in Liberty Global Ltd by 725.5% in the first quarter, now owning approximately $3.29 million worth of shares.
• Liberty Global reported an EPS of (\$8.09) for the last quarter, missing the consensus estimate of (\$0.44), with a revenue of $1.27 billion that exceeded analyst expectations.
• Recent insider trading involved significant sell-offs, including CAO Jason Waldron selling 34,380 shares, indicating a 80.4% decrease in his ownership.

PDT Partners LLC raised its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 725.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 274,895 shares of the company's stock after purchasing an additional 241,595 shares during the period. PDT Partners LLC owned 0.08% of Liberty Global worth $3,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LBTYK. Raymond James Financial Inc. acquired a new position in shares of Liberty Global in the fourth quarter valued at $155,000. Tower Research Capital LLC TRC grew its stake in shares of Liberty Global by 25.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock valued at $111,000 after acquiring an additional 1,699 shares in the last quarter. Stifel Financial Corp acquired a new position in shares of Liberty Global in the fourth quarter valued at about $217,000. Voya Investment Management LLC grew its stake in shares of Liberty Global by 5.4% in the fourth quarter. Voya Investment Management LLC now owns 27,397 shares of the company's stock valued at $360,000 after acquiring an additional 1,413 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Liberty Global by 14.9% in the fourth quarter. Northern Trust Corp now owns 975,386 shares of the company's stock valued at $12,817,000 after acquiring an additional 126,725 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Liberty Global

In related news, CAO Jason Waldron sold 34,380 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the transaction, the chief accounting officer directly owned 8,383 shares in the company, valued at approximately $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Miranda Curtis sold 42,600 shares of the company's stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This trade represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 136,980 shares of company stock worth $1,577,091. Corporate insiders own 9.86% of the company's stock.

Liberty Global Trading Up 0.3%

LBTYK stock opened at $11.95 on Tuesday. 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's 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.88. 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 $4.07 billion, a PE ratio of -1.22 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) 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 during the quarter, compared to analyst estimates of $1.22 billion.

Liberty Global 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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