Voya Investment Management LLC Sells 36,781 Shares of Liberty Global Ltd $LBTYA

Key Points

• Voya Investment Management LLC sold 36,781 shares of Liberty Global Ltd, reducing its stake by 56.6%, with remaining holdings valued at $324,000.
• Liberty Global's stock price increased by 1.5% to $11.57, while the company reported a quarterly loss of ($8.09) EPS, missing estimates by $7.54.
• Multiple analysts have upgraded Liberty Global's stock ratings, with a current consensus rating of "Hold" and an average target price of $14.26.

Voya Investment Management LLC decreased its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 56.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,179 shares of the company's stock after selling 36,781 shares during the period. Voya Investment Management LLC's holdings in Liberty Global were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LBTYA. CWM LLC grew its position in shares of Liberty Global by 81.5% during the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after acquiring an additional 1,026 shares during the period. Versant Capital Management Inc bought a new stake in shares of Liberty Global during the 1st quarter valued at $50,000. Cubist Systematic Strategies LLC bought a new position in Liberty Global in the 1st quarter worth $64,000. GAMMA Investing LLC boosted its holdings in Liberty Global by 2,370.7% in the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after buying an additional 6,472 shares during the period. Finally, Friedenthal Financial bought a new position in Liberty Global in the 1st quarter worth $78,000. Institutional investors own 37.20% of the company's stock.

Liberty Global Stock Up 1.5%

LBTYA opened at $11.57 on Monday. The firm has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $10.60. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.52. The company has a market capitalization of $3.94 billion, a PE ratio of -1.18 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.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.20 billion. Analysts forecast that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Zacks Research raised shares of Liberty Global to a "hold" rating in a report on Wednesday, September 3rd. Finally, UBS Group upped their target price 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. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.26.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the 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 completion of the transaction, the chief accounting officer owned 8,383 shares of the company's stock, valued at $96,823.65. This represents a 80.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 136,980 shares of company stock valued at $1,577,091 in the last 90 days. Insiders own 11.51% of the company's stock.

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.

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