Liberty Global Ltd $LBTYK Holdings Raised by PDT Partners LLC

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 lifted its holdings in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 725.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 274,895 shares of the company's stock after purchasing an additional 241,595 shares during the quarter. PDT Partners LLC owned 0.08% of Liberty Global worth $3,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Liberty Global by 3.7% in the first quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company's stock worth $56,976,000 after purchasing an additional 169,432 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Liberty Global by 1.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company's stock worth $42,293,000 after purchasing an additional 48,716 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Liberty Global by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock worth $40,611,000 after purchasing an additional 47,748 shares in the last quarter. Long Focus Capital Management LLC grew its stake in shares of Liberty Global by 3.6% in the first quarter. Long Focus Capital Management LLC now owns 1,494,400 shares of the company's stock worth $17,888,000 after purchasing an additional 52,400 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Liberty Global by 61.4% in the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock worth $13,533,000 after purchasing an additional 430,251 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

Insider Activity at Liberty Global

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the firm's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the transaction, the chief financial officer owned 33,220 shares of the company's stock, valued at $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the firm'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 of the company's stock, valued at $96,823.65. This represents a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 136,980 shares of company stock valued at $1,577,091 over the last 90 days. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded down $0.05 on Friday, hitting $12.09. The company's stock had a trading volume of 594,212 shares, compared to its average volume of 962,355. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $22.14. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of -1.24 and a beta of 1.11. The stock's 50-day moving average is $10.95 and its two-hundred day moving average is $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 (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 the consensus estimate 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 business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion.

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.