S&CO Inc. Acquires New Shares in Liberty Global Ltd $LBTYA

Key Points

• S&CO Inc. acquired 220,823 Liberty Global shares in the second quarter, valued at approximately $2.51 million and representing about 0.06% of the company. Institutional investors collectively own 37.20% of Liberty Global.
• Liberty Global reported weaker-than-expected quarterly results, with an EPS loss of $1.07 versus the $0.48 consensus estimate and revenue of $1.17 billion versus expectations of $1.34 billion.
• The stock opened at $10.47, near the lower end of its 12-month range. Analysts maintain an average “Hold” rating with a $14.30 target price, while a director recently sold 55,000 shares.

S&CO Inc. bought a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 220,823 shares of the company's stock, valued at approximately $2,510,000. S&CO Inc. owned approximately 0.06% of Liberty Global as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Quarry LP bought a new position in shares of Liberty Global in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock worth $28,000 after acquiring an additional 1,238 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Liberty Global during the 2nd quarter worth $47,000. Cubist Systematic Strategies LLC purchased a new position in Liberty Global in the first quarter worth $64,000. Finally, IFP Advisors Inc grew its position in Liberty Global by 128.8% in the fourth quarter. IFP Advisors Inc now owns 5,640 shares of the company's stock worth $63,000 after acquiring an additional 3,175 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company's stock, valued at $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.34% of the company's stock.

Liberty Global Trading Down 0.2%

Shares of LBTYA opened at $10.47 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of -1.17 and a beta of 0.94. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $11.63. Liberty Global Ltd has a twelve month low of $9.43 and a twelve month high of $13.52.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts anticipate that Liberty Global Ltd will post -1.46 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. UBS Group reduced their price objective on Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research report on Tuesday, August 4th. Pivotal Research reissued a "buy" rating and set a $18.00 price objective on shares of Liberty Global in a report on Monday, May 4th. Finally, Zacks Research raised Liberty Global from a "strong sell" rating to a "hold" rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.30.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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