Sequoia Financial Advisors LLC decreased its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 309,774 shares of the company's stock after selling 32,898 shares during the quarter. Sequoia Financial Advisors LLC owned about 0.09% of Liberty Global worth $3,194,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in Liberty Global by 6.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 597,190 shares of the company's stock valued at $7,148,000 after purchasing an additional 35,778 shares during the period. Ritholtz Wealth Management bought a new stake in Liberty Global during the 1st quarter valued at approximately $487,000. American Century Companies Inc. boosted its stake in Liberty Global by 61.4% during the 1st quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock valued at $13,533,000 after purchasing an additional 430,251 shares during the period. Envestnet Asset Management Inc. boosted its stake in Liberty Global by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock valued at $40,611,000 after purchasing an additional 47,748 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in Liberty Global by 1.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company's stock valued at $42,293,000 after purchasing an additional 48,716 shares during the period. Institutional investors own 46.10% of the company's stock.
Insider Transactions at Liberty Global
In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the transaction, the chief financial officer directly owned 33,220 shares of the company's stock, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director directly owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. The trade was a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 136,980 shares of company stock valued at $1,577,091. Corporate insiders own 9.86% of the company's stock.
Liberty Global Price Performance
Shares of LBTYK stock opened at $11.02 on Wednesday. The stock has a 50 day moving average of $11.65 and a two-hundred day moving average of $10.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $22.10. The company has a market capitalization of $3.75 billion, a P/E ratio of -1.13 and a beta of 1.08.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on LBTYK
Liberty Global Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding LBTYK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Global Ltd (NASDAQ:LBTYK - Free Report).
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