Trexquant Investment LP Purchases 128,003 Shares of Liberty Global Ltd $LBTYK

Key Points

• Trexquant Investment LP increased its stake in Liberty Global Ltd by 38.4%, owning 461,753 shares valued at approximately $5.5 million following the acquisition of 128,003 additional shares.
• Insider transactions included Director Miranda Curtis selling 42,600 shares for over $500,000, reflecting a 24.78% decrease in position.
• Liberty Global reported negative earnings of ($8.09) per share for the last quarter, missing estimates significantly, while its revenue exceeded expectations at $1.27 billion.

Trexquant Investment LP grew its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 38.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,753 shares of the company's stock after buying an additional 128,003 shares during the quarter. Trexquant Investment LP owned approximately 0.13% of Liberty Global worth $5,527,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in shares of Liberty Global by 6.4% during the first quarter. Janney Montgomery Scott LLC now owns 597,190 shares of the company's stock worth $7,148,000 after purchasing an additional 35,778 shares in the last quarter. Ritholtz Wealth Management purchased a new stake in shares of Liberty Global during the first quarter worth about $487,000. Deutsche Bank AG grew its position in shares of Liberty Global by 221.4% during the fourth quarter. Deutsche Bank AG now owns 53,911 shares of the company's stock worth $708,000 after purchasing an additional 37,135 shares in the last quarter. American Century Companies Inc. grew its position in shares of Liberty Global by 61.4% during the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock worth $13,533,000 after purchasing an additional 430,251 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Liberty Global by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock worth $40,611,000 after purchasing an additional 47,748 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.

Insider Buying and Selling

In related news, 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 transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Miranda Curtis sold 42,600 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the sale, the director owned 129,305 shares of the company's stock, valued at $1,521,919.85. This represents a 24.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 136,980 shares of company stock worth $1,577,091. 9.86% of the stock is owned by corporate insiders.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK traded down $0.05 during trading on Friday, hitting $12.09. 594,212 shares of the company's stock were exchanged, compared to its average volume of 978,017. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week high of $22.14. The business's 50-day simple moving average is $10.95 and its 200 day simple moving average is $10.90. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -1.24 and a beta of 1.11.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its earnings results on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.22 billion.

Liberty Global Company 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.