Wellington Management Group LLP Acquires Shares of 64,001 Liberty Global Ltd $LBTYA

Wellington Management Group LLP acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 64,001 shares of the company's stock, valued at approximately $737,000.

Several other hedge funds have also bought and sold shares of LBTYA. ACR Alpine Capital Research LLC lifted its stake in Liberty Global by 14.1% in the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock valued at $228,305,000 after purchasing an additional 2,458,406 shares during the last quarter. Contour Asset Management LLC acquired a new stake in Liberty Global in the 4th quarter valued at about $25,730,000. Nuveen LLC acquired a new stake in Liberty Global in the 1st quarter valued at about $10,809,000. Credit Industriel ET Commercial acquired a new stake in Liberty Global in the 4th quarter valued at about $8,851,000. Finally, Mackenzie Financial Corp lifted its stake in Liberty Global by 289.5% in the 1st quarter. Mackenzie Financial Corp now owns 855,643 shares of the company's stock valued at $9,848,000 after purchasing an additional 635,950 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the transaction, the chief financial officer directly owned 33,220 shares of the company's stock, valued at $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Miranda Curtis sold 42,600 shares of the business's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.77, for a total transaction of $501,402.00. Following the transaction, the director owned 129,305 shares of the company's stock, valued at approximately $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,980 shares of company stock worth $1,577,091. Corporate insiders own 13.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LBTYA shares. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. Citigroup decreased their target price on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 28th. Benchmark reissued a "buy" rating and set a $21.00 price target (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Zacks Research raised Liberty Global to a "hold" rating in a report on Wednesday. Finally, UBS Group lifted their price target on Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $14.26.

Liberty Global Price Performance

Shares of NASDAQ LBTYA traded down $0.03 during midday trading on Friday, reaching $11.88. The company's stock had a trading volume of 1,540,225 shares, compared to its average volume of 1,688,161. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The business's 50 day moving average price is $10.74 and its two-hundred day moving average price is $10.59. The company has a market cap of $4.05 billion, a P/E ratio of -1.22 and a beta of 1.17.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.20 billion. On average, analysts forecast that Liberty Global Ltd will post -1.35 EPS for the current fiscal 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.