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

Key Points

• Jason Waldron, CAO of Liberty Global, sold 34,380 shares of stock for $397,089, marking an 80.40% decrease in his holdings.
• Liberty Global's stock is currently down 1.9%, valuing at $11.38 with a market cap of $3.88 billion and a P/E ratio of -1.16.
• The company reported a negative EPS of ($8.09) for the last quarter, missing estimates, despite generating $1.27 billion in revenue.

Liberty Global Ltd (NASDAQ:LBTYA - Get Free Report) 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 sale, 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 legal filing with the SEC, which is available at the SEC website.

Liberty Global Stock Down 1.9%

NASDAQ:LBTYA traded down $0.22 on Tuesday, hitting $11.38. The stock had a trading volume of 1,577,847 shares, compared to its average volume of 2,103,849. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $3.88 billion, a P/E ratio of -1.16 and a beta of 1.13. Liberty Global Ltd has a 1 year low of $9.02 and a 1 year high of $21.56. The firm's fifty day simple moving average is $10.23 and its two-hundred day simple moving average is $10.53.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted 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). The firm had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. Analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in Liberty Global by 81.5% during the first quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after purchasing an additional 1,026 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Liberty Global by 79.5% in the second 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 in the last quarter. AlphaCore Capital LLC purchased a new stake in shares of Liberty Global in the second quarter worth about $46,000. Headlands Technologies LLC purchased a new stake in shares of Liberty Global in the second quarter worth about $47,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Liberty Global in the first quarter worth about $50,000. 37.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LBTYA. Citigroup reduced their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research report on Thursday, June 26th. Barclays set a $11.00 price target on shares of Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. UBS Group increased their price target on shares of Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a research report on Wednesday, August 6th. Finally, Benchmark restated a "buy" rating and set a $21.00 price target (up previously from $18.00) on shares of Liberty Global in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.26.

About Liberty Global

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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