Wolf Hill Capital Management LP Sells 149,686 Shares of Liberty Global Ltd $LBTYA

Key Points

• Wolf Hill Capital Management reduced its Liberty Global stake by 10.5%, selling 149,686 shares in Q3 and leaving it with 1,281,280 shares (about 0.38% of the company), roughly $14.68 million and ~1.3% of the firm’s portfolio.
• Liberty Global reported a major earnings miss, posting ($8.60) EPS versus a ($0.46) consensus and showing a negative net margin (146.3%) and negative return on equity (58.32%).
• Market and analyst backdrop: LBTYA traded around $12.40 with a $4.15B market cap; analysts’ consensus is a "Hold" with a $14.40 target while ratings range from Sell to Buy.

Wolf Hill Capital Management LP reduced its stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,281,280 shares of the company's stock after selling 149,686 shares during the quarter. Liberty Global comprises approximately 1.3% of Wolf Hill Capital Management LP's portfolio, making the stock its 22nd biggest holding. Wolf Hill Capital Management LP owned approximately 0.38% of Liberty Global worth $14,683,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Liberty Global by 79.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock worth $28,000 after buying an additional 1,238 shares during the last quarter. Rothschild Investment LLC lifted its holdings in shares of Liberty Global by 207.4% during the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company's stock worth $34,000 after acquiring an additional 2,012 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Liberty Global during the 2nd quarter worth $46,000. Headlands Technologies LLC purchased a new position in Liberty Global in the second quarter worth $47,000. Finally, MAI Capital Management increased its stake in Liberty Global by 27.5% in the third quarter. MAI Capital Management now owns 4,559 shares of the company's stock valued at $52,000 after acquiring an additional 983 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Trading Down 0.2%

Shares of Liberty Global stock traded down $0.03 on Friday, hitting $12.40. The stock had a trading volume of 240,563 shares, compared to its average volume of 3,010,281. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a one year low of $9.02 and a one year high of $13.52. The stock's 50-day simple moving average is $11.49 and its two-hundred day simple moving average is $11.34. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of -0.60 and a beta of 1.02.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing analysts' consensus estimates of ($0.46) by ($8.14). The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Liberty Global had a negative net margin of 146.30% and a negative return on equity of 58.32%. As a group, sell-side analysts predict that Liberty Global Ltd will post -1.35 EPS for the current year.

Analysts Set New Price Targets

LBTYA has been the topic of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a research report on Thursday, January 22nd. UBS Group upped their price objective on Liberty Global from $11.80 to $12.60 and gave the stock a "neutral" rating in a report on Wednesday, December 3rd. Finally, Citigroup increased their price objective on Liberty Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $14.40.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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