Insider Selling: Liberty Global (NASDAQ:LBTYK) Director Sells 55,000 Shares of Stock

Liberty Global Ltd (NASDAQ:LBTYK) Director J David Wargo sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director owned 53,876 shares of the company’s stock, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liberty Global Price Performance

Shares of Liberty Global stock traded down $0.14 on Thursday, reaching $10.77. 2,774,593 shares of the stock were exchanged, compared to its average volume of 1,283,928. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $3.64 billion, a PE ratio of -0.67 and a beta of 0.88. The firm’s 50 day moving average is $11.68 and its 200-day moving average is $11.47. Liberty Global Ltd has a one year low of $9.73 and a one year high of $13.12.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion.

Analyst Ratings Changes

A number of equities analysts have recently commented on LBTYK shares. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Rubric Capital Management LP grew its position in Liberty Global by 51.3% during the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company’s stock worth $108,612,000 after acquiring an additional 3,137,779 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company’s stock valued at $92,857,000 after purchasing an additional 238,052 shares during the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after purchasing an additional 467,869 shares in the last quarter. State Street Corp boosted its stake in shares of Liberty Global by 3.9% during the fourth quarter. State Street Corp now owns 3,164,014 shares of the company’s stock valued at $34,931,000 after purchasing an additional 118,832 shares in the last quarter. Finally, Contour Asset Management LLC grew its holdings in shares of Liberty Global by 40.4% during the fourth quarter. Contour Asset Management LLC now owns 2,608,955 shares of the company’s stock worth $28,803,000 after purchasing an additional 750,649 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Company Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.