Liberty Global (NASDAQ:LBTYK) CAO Sells $397,089.00 in 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 stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the transaction, the chief accounting officer owned 8,383 shares of the company's stock, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Global Stock Up 2.3%

Shares of Liberty Global stock traded up $0.26 during trading on Friday, reaching $11.80. The stock had a trading volume of 963,475 shares, compared to its average volume of 1,196,592. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -1.21 and a beta of 1.08. The stock has a fifty day moving average price of $10.58 and a two-hundred day moving average price of $10.86. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $22.14. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Institutional Trading of Liberty Global

A number of hedge funds and other institutional investors have recently made changes to their positions in LBTYK. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in shares of Liberty Global in the second quarter valued at approximately $21,833,000. Millennium Management LLC raised its holdings in shares of Liberty Global by 134.6% in the first quarter. Millennium Management LLC now owns 2,134,771 shares of the company's stock valued at $25,553,000 after purchasing an additional 1,224,873 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company's stock valued at $17,059,000 after purchasing an additional 832,838 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Liberty Global by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after purchasing an additional 796,034 shares during the last quarter. Finally, Contour Asset Management LLC bought a new position in Liberty Global in the first quarter valued at approximately $9,459,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.

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.