Quantbot Technologies LP Sells 239,865 Shares of Liberty Global Ltd $LBTYK

Key Points

• Quantbot Technologies LP significantly reduced its holdings in Liberty Global Ltd by 75.3%, ending the first quarter with 78,779 shares worth approximately $943,000.
• Other institutional investors increased their stakes in Liberty Global during the same period, with Parallel Advisors LLC raising its position by 26.2% to own 5,107 shares valued at $61,000.
• Liberty Global reported an earnings miss for the last quarter, with an EPS of ($8.09), significantly below the consensus estimate of ($0.44), despite revenues of $1.27 billion.

Quantbot Technologies LP cut its position in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 75.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,779 shares of the company's stock after selling 239,865 shares during the quarter. Quantbot Technologies LP's holdings in Liberty Global were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LBTYK. Dimensional Fund Advisors LP raised its position in shares of Liberty Global by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after buying an additional 796,034 shares in the last quarter. Vanguard Group Inc. raised its position in Liberty Global by 3.7% in the 1st 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 during the period. Oppenheimer Asset Management Inc. increased its position 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 valued at $42,293,000 after acquiring an additional 48,716 shares during the period. Envestnet Asset Management Inc. increased its position 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 valued at $40,611,000 after acquiring an additional 47,748 shares during the period. Finally, American Century Companies Inc. increased its position 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 valued at $13,533,000 after acquiring an additional 430,251 shares during the period. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the company'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 transaction, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a 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 that occurred on Monday, August 25th. The stock was 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 approximately $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock valued at $1,577,091 over the last quarter. Corporate insiders own 9.86% of the company's stock.

Liberty Global Trading Up 0.3%

Shares of NASDAQ LBTYK traded up $0.03 during midday trading on Friday, hitting $11.95. 847,208 shares of the company traded hands, compared to its average volume of 1,134,991. Liberty Global Ltd has a 12-month low of $9.21 and a 12-month high of $22.14. 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 stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $10.88. The firm has a market cap of $4.07 billion, a P/E ratio of -1.22 and a beta of 1.08.

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