Strs Ohio Takes $1.37 Million Position in Liberty Global Ltd $LBTYA

Key Points

• Strs Ohio has invested approximately $1.37 million in Liberty Global Ltd by acquiring 119,231 shares during the first quarter.
• Analyst ratings show a mix of opinions on Liberty Global, with ratings ranging from Buy to Sell and an average price target of $14.26.
• Insider trading activity revealed significant sales, with both the CAO and CFO selling thousands of shares, indicating a 64.36% decrease in CFO ownership of the stock.

Strs Ohio acquired a new position in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 119,231 shares of the company's stock, valued at approximately $1,372,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in LBTYA. CWM LLC boosted its holdings in shares of Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock worth $26,000 after purchasing an additional 1,026 shares during the period. Versant Capital Management Inc acquired a new stake in shares of Liberty Global during the first quarter worth approximately $50,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Liberty Global during the first quarter worth approximately $64,000. Friedenthal Financial acquired a new stake in shares of Liberty Global during the first quarter worth approximately $78,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Global by 2,370.7% during the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after purchasing an additional 6,472 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LBTYA has been the subject of several research reports. UBS Group raised their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Zacks Research upgraded shares of Liberty Global to a "hold" rating in a research note on Wednesday, September 3rd. Citigroup reduced their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Finally, Benchmark reiterated a "buy" rating and issued a $21.00 target price (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $14.26.

Insider Transactions at Liberty Global

In related news, CFO Charles H. R. Bracken sold 60,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. The trade was a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 136,980 shares of company stock valued at $1,577,091. 11.51% of the stock is owned by insiders.

Liberty Global Stock Performance

Liberty Global stock traded down $0.18 on Friday, hitting $11.76. The company's stock had a trading volume of 1,918,765 shares, compared to its average volume of 1,606,045. The firm has a market cap of $4.01 billion, a P/E ratio of -1.20 and a beta of 1.17. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a fifty day moving average price of $11.09 and a 200-day moving average price of $10.60. Liberty Global Ltd has a one year low of $9.02 and a one year high of $21.56.

Liberty Global (NASDAQ:LBTYA - 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 ($0.55) by ($7.54). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. On average, equities analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Liberty Global 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.