Janus Henderson Group PLC Grows Stock Holdings in Liberty Global Ltd $LBTYK

Janus Henderson Group PLC lifted its holdings in Liberty Global Ltd (NASDAQ:LBTYK) by 299.2% during the first quarter, Holdings Channel reports. The fund owned 251,900 shares of the company’s stock after buying an additional 188,800 shares during the quarter. Janus Henderson Group PLC’s holdings in Liberty Global were worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after purchasing an additional 1,116 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of Liberty Global by 9.7% during the 4th quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock valued at $144,000 after buying an additional 1,157 shares during the last quarter. CWM LLC boosted its stake in shares of Liberty Global by 28.1% in the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after buying an additional 1,286 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Liberty Global by 9.3% in the fourth quarter. Perigon Wealth Management LLC now owns 21,111 shares of the company’s stock worth $233,000 after buying an additional 1,789 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in Liberty Global by 15.7% during the third quarter. Raymond James Financial Inc. now owns 13,271 shares of the company’s stock worth $156,000 after acquiring an additional 1,796 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of LBTYK stock opened at $10.24 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a 12-month low of $9.30 and a 12-month high of $13.12. The business’s 50 day moving average is $10.70 and its two-hundred day moving average is $11.33. The company has a market capitalization of $3.49 billion, a P/E ratio of -1.14 and a beta of 0.90.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings data on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LBTYK. Wall Street Zen downgraded Liberty Global from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Transactions at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.86% of the company’s stock.

About Liberty Global

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.