Jason Waldron Sells 34,380 Shares of Liberty Global (NASDAQ:LBTYK) Stock

Key Points

• Chief Accounting Officer Jason Waldron sold 34,380 shares of Liberty Global (NASDAQ:LBTYK) at an average price of $11.55, totaling $397,089 and reducing his holdings by 80.40%.
• The company reported a loss of ($8.09) earnings per share in its most recent quarter, significantly missing analyst estimates of ($0.44), despite revenue beating expectations at $1.27 billion.
• Institutional investors hold 46.10% of Liberty Global's stock, with several hedge funds increasing their positions in the fourth quarter.

Liberty Global Ltd (NASDAQ:LBTYK - Get Free Report) CAO Jason Waldron sold 34,380 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the sale, the chief accounting officer owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liberty Global Trading Down 2.8%

NASDAQ LBTYK traded down $0.33 during mid-day trading on Tuesday, reaching $11.38. 1,426,936 shares of the stock were exchanged, compared to its average volume of 1,378,866. Liberty Global Ltd has a 1-year low of $9.21 and a 1-year high of $22.14. The business's fifty day simple moving average is $10.47 and its 200 day simple moving average is $10.86. The stock has a market capitalization of $3.88 billion, a PE ratio of -1.16 and a beta of 1.08. 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 (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The company had revenue of $1.27 billion during 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%.

Hedge Funds Weigh In On Liberty Global

A number of hedge funds have recently made changes to their positions in LBTYK. Wells Fargo & Company MN boosted its holdings in shares of Liberty Global by 9.3% in the 4th quarter. Wells Fargo & Company MN now owns 115,278 shares of the company's stock valued at $1,515,000 after purchasing an additional 9,797 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Liberty Global by 22.7% in the 4th quarter. Invesco Ltd. now owns 562,776 shares of the company's stock valued at $7,395,000 after purchasing an additional 104,219 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Liberty Global during the 4th quarter valued at $155,000. Sterling Capital Management LLC lifted its holdings in shares of Liberty Global by 60.3% during the 4th quarter. Sterling Capital Management LLC now owns 9,602 shares of the company's stock valued at $126,000 after acquiring an additional 3,613 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 14.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after acquiring an additional 796,034 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

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.

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