Rubric Capital Management LP Invests $52.94 Million in Liberty Global Ltd. (NASDAQ:LBTYA)

Rubric Capital Management LP purchased a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,979,328 shares of the company’s stock, valued at approximately $52,943,000. Liberty Global comprises about 1.1% of Rubric Capital Management LP’s holdings, making the stock its 19th largest holding. Rubric Capital Management LP owned approximately 0.75% of Liberty Global as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC acquired a new stake in Liberty Global in the 4th quarter valued at approximately $106,000. Pathstone Family Office LLC increased its holdings in Liberty Global by 21.0% in the 3rd quarter. Pathstone Family Office LLC now owns 43,548 shares of the company’s stock valued at $746,000 after purchasing an additional 7,565 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Liberty Global in the 4th quarter valued at approximately $141,000. S&CO Inc. increased its holdings in Liberty Global by 3.6% in the 3rd quarter. S&CO Inc. now owns 264,447 shares of the company’s stock valued at $4,527,000 after purchasing an additional 9,185 shares during the last quarter. Finally, Wittenberg Investment Management Inc. boosted its position in Liberty Global by 4.0% in the 4th quarter. Wittenberg Investment Management Inc. now owns 305,798 shares of the company’s stock valued at $5,434,000 after buying an additional 11,900 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.

Insider Transactions at Liberty Global

In other news, EVP Bryan H. Hall sold 15,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.68, for a total transaction of $280,200.00. Following the transaction, the executive vice president now directly owns 129,934 shares in the company, valued at $2,427,167.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Liberty Global news, EVP Bryan H. Hall sold 15,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.68, for a total transaction of $280,200.00. Following the transaction, the executive vice president now directly owns 129,934 shares in the company, valued at $2,427,167.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J David Wargo sold 30,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the transaction, the director now owns 159,632 shares in the company, valued at $2,769,615.20. The disclosure for this sale can be found here. Insiders have sold a total of 77,403 shares of company stock worth $1,374,233 over the last ninety days. 11.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. Barclays decreased their price target on shares of Liberty Global from $22.00 to $20.00 and set an “equal weight” rating for the company in a research report on Friday, May 3rd. HSBC cut shares of Liberty Global from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. UBS Group decreased their price objective on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, February 26th. Finally, New Street Research reaffirmed a “neutral” rating on shares of Liberty Global in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.25.

Liberty Global Stock Performance

NASDAQ LBTYA traded down $0.04 during trading on Friday, reaching $18.09. The company’s stock had a trading volume of 2,709,387 shares, compared to its average volume of 2,321,070. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of -2.80 and a beta of 1.17. Liberty Global Ltd. has a twelve month low of $15.01 and a twelve month high of $20.56. The business’s fifty day moving average price is $16.76 and its 200-day moving average price is $17.36.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 EPS for the quarter. The company had revenue of $1.95 billion for the quarter. Liberty Global had a negative net margin of 37.27% and a negative return on equity of 14.07%. During the same quarter in the prior year, the firm posted ($1.59) earnings per share. As a group, analysts anticipate that Liberty Global Ltd. will post -0.61 EPS for the current fiscal year.

Liberty Global 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.