Insider Selling: Liberty Global Ltd. (NASDAQ:LBTYA) Director Sells $520,500.00 in Stock

Liberty Global Ltd. (NASDAQ:LBTYA) Director J David Wargo sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the sale, the director now directly owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Liberty Global Price Performance

LBTYA stock opened at $16.76 on Friday. The company has a fifty day moving average price of $17.31 and a 200-day moving average price of $17.18. The company has a market capitalization of $6.33 billion, a P/E ratio of -1.79 and a beta of 1.18. Liberty Global Ltd. has a 52-week low of $15.01 and a 52-week high of $20.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. As a group, equities analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current year.

Hedge Funds Weigh In On Liberty Global

Several large investors have recently modified their holdings of the business. Artisan Partners Limited Partnership increased its position in shares of Liberty Global by 0.6% during the fourth quarter. Artisan Partners Limited Partnership now owns 14,141,397 shares of the company’s stock worth $251,293,000 after buying an additional 80,267 shares during the period. BlackRock Inc. increased its position in shares of Liberty Global by 9.6% during the second quarter. BlackRock Inc. now owns 8,328,193 shares of the company’s stock worth $140,413,000 after buying an additional 728,809 shares during the period. Norges Bank acquired a new stake in shares of Liberty Global during the fourth quarter worth $92,196,000. Thompson Siegel & Walmsley LLC increased its position in shares of Liberty Global by 8.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 4,518,231 shares of the company’s stock worth $80,290,000 after buying an additional 352,488 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Liberty Global by 88.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,743,459 shares of the company’s stock worth $72,997,000 after buying an additional 1,755,948 shares during the period. Institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on LBTYA shares. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating in a report on Friday, February 23rd. Citigroup raised shares of Liberty Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $20.00 to $24.00 in a report on Friday, February 9th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a report on Thursday, January 25th. Barclays increased their price objective on shares of Liberty Global from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Friday, January 12th. Finally, HSBC downgraded shares of Liberty Global from a “buy” rating to a “hold” rating and dropped their price objective for the company from $26.00 to $20.00 in a research note on Monday, March 18th. 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 stock. Based on data from MarketBeat, Liberty Global has a consensus rating of “Hold” and a consensus price target of $26.36.

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.