Charles Bracken Sells 60,000 Shares of Liberty Global (NASDAQ:LBTYA) Stock

Liberty Global Ltd (NASDAQ:LBTYA) CFO Charles Bracken sold 60,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Global Stock Down 0.4%

Liberty Global stock opened at $11.33 on Thursday. The firm has a market capitalization of $3.86 billion, a PE ratio of -1.16 and a beta of 1.13. The company’s 50-day moving average is $10.29 and its 200-day moving average is $10.54. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. Sell-side analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on LBTYA shares. UBS Group lifted their target price on shares of Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Benchmark reiterated a “buy” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research note on Thursday, June 26th. Citigroup dropped their price objective on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, May 28th. Finally, Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.26.

Institutional Trading of Liberty Global

Several large investors have recently made changes to their positions in the company. State of Wyoming boosted its position in shares of Liberty Global by 118.4% during the 2nd quarter. State of Wyoming now owns 31,760 shares of the company’s stock worth $318,000 after acquiring an additional 17,218 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Liberty Global during the 2nd quarter worth approximately $47,000. MUFG Securities EMEA plc acquired a new stake in shares of Liberty Global during the 2nd quarter worth approximately $8,098,000. Corient Private Wealth LLC boosted its position in shares of Liberty Global by 199.1% during the 2nd quarter. Corient Private Wealth LLC now owns 47,813 shares of the company’s stock worth $479,000 after acquiring an additional 31,828 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its position in shares of Liberty Global by 2.2% during the 2nd quarter. Lazard Asset Management LLC now owns 113,135 shares of the company’s stock worth $1,132,000 after acquiring an additional 2,420 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Company 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.