Sei Investments Co. Has $2 Million Stock Holdings in Liberty Global Ltd $LBTYK

Key Points

• Sei Investments increased its Liberty Global position by 141.5% in the first quarter, bringing its holdings to 170,952 shares valued at approximately $2.0 million. Institutional investors collectively own 46.1% of the company.
• Analyst sentiment remains negative: Liberty Global has an average “Sell” rating, with recent downgrades and reiterated sell recommendations.
• Liberty Global reported weaker-than-expected quarterly results, posting a $1.07 loss per share versus a $0.48 expected loss and revenue of $1.17 billion versus $1.34 billion expected.

Sei Investments Co. boosted its position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 141.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,952 shares of the company's stock after acquiring an additional 100,159 shares during the quarter. Sei Investments Co. owned 0.05% of Liberty Global worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. bought a new position in Liberty Global during the first quarter worth $42,000. Jones Financial Companies Lllp grew its position in shares of Liberty Global by 76,160.0% in the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock valued at $46,000 after purchasing an additional 3,808 shares during the last quarter. AlphaCore Capital LLC increased its stake in shares of Liberty Global by 180.7% during the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company's stock worth $51,000 after purchasing an additional 2,964 shares during the period. CWM LLC lifted its holdings in Liberty Global by 28.1% during the 4th quarter. CWM LLC now owns 5,855 shares of the company's stock worth $65,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Lido Advisors LLC bought a new stake in shares of Liberty Global in the first quarter valued at about $119,000. 46.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LBTYK has been the subject of several recent research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen lowered shares of Liberty Global from a "hold" rating to a "sell" rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director owned 53,876 shares of the company's stock, valued at $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 9.86% of the company's stock.

Liberty Global Stock Performance

NASDAQ:LBTYK opened at $10.24 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The firm's fifty day moving average is $10.70 and its 200-day moving average is $11.34. Liberty Global Ltd has a 52 week low of $9.30 and a 52 week high of $13.12. The firm has a market cap of $3.49 billion, a P/E ratio of -1.14 and a beta of 0.90.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data 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 net margin of 62.12% and a negative return on equity of 28.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.34 billion.

Liberty Global Profile

Liberty Global NASDAQ: LBTYK is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company's core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source