Kerrisdale Advisers LLC Makes New $689,000 Investment in Liberty Global Ltd $LBTYK

Kerrisdale Advisers LLC bought a new stake in Liberty Global Ltd (NASDAQ:LBTYK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 60,640 shares of the company’s stock, valued at approximately $689,000.

A number of other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in shares of Liberty Global during the second quarter worth approximately $2,255,000. Versant Capital Management Inc boosted its stake in shares of Liberty Global by 90.2% in the 2nd quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock valued at $53,000 after purchasing an additional 2,292 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Liberty Global by 140.4% during the 1st quarter. Bank of America Corp DE now owns 155,820 shares of the company’s stock valued at $1,828,000 after purchasing an additional 91,012 shares during the last quarter. Janus Henderson Group PLC raised its position in Liberty Global by 299.2% in the 1st quarter. Janus Henderson Group PLC now owns 251,900 shares of the company’s stock worth $2,954,000 after purchasing an additional 188,800 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Liberty Global by 26.4% in the 1st quarter. Arkadios Wealth Advisors now owns 16,503 shares of the company’s stock worth $194,000 after purchasing an additional 3,442 shares during the period. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Insider Buying and Selling at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LBTYK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Wall Street Zen downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Liberty Global currently has an average rating of “Sell”.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $10.43 on Monday. Liberty Global Ltd has a 1 year low of $9.30 and a 1 year high of $13.12. The stock has a market capitalization of $3.56 billion, a P/E ratio of -1.16 and a beta of 0.90. The company’s 50-day moving average is $10.37 and its 200 day moving average is $11.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

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

Liberty Global 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.