Strs Ohio Makes New Investment in Liberty Global Ltd $LBTYK

Key Points

• Strs Ohio invested approximately $1.35 million in Liberty Global Ltd by acquiring 113,129 shares of its stock in the first quarter.
• Significant trading activity among insiders includes Director Miranda Curtis selling 42,600 shares and CFO Charles H. R. Bracken selling 60,000 shares, significantly reducing their stakes in the company.
• Liberty Global has reported a negative earnings per share of ($8.09) for the latest quarter, missing analysts' expectations, but exceeded revenue estimates with $1.27 billion.

Strs Ohio acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 113,129 shares of the company's stock, valued at approximately $1,354,000.

Other large investors have also modified their holdings of the company. State of Wyoming bought a new stake in shares of Liberty Global during the 4th quarter worth $33,000. Jones Financial Companies Lllp boosted its stake in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company's stock worth $46,000 after acquiring an additional 3,808 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Liberty Global by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock worth $61,000 after acquiring an additional 1,059 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Liberty Global during the 1st quarter worth $67,000. Finally, GAMMA Investing LLC boosted its stake in shares of Liberty Global by 1,176.4% during the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock worth $78,000 after acquiring an additional 6,035 shares in the last quarter. 46.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer directly owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This represents a 80.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction dated 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 sale, 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 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 traded down $0.16 during trading hours on Friday, hitting $11.89. 2,402,644 shares of the company were exchanged, compared to its average volume of 934,723. The company has a market capitalization of $4.05 billion, a PE ratio of -1.22 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day simple moving average of $11.28 and a 200-day simple moving average of $10.89. Liberty Global Ltd has a one year low of $9.21 and a one year high of $22.14.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($7.65). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

About Liberty Global

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.