Jump Financial LLC Takes Position in Liberty Global Ltd $LBTYA

Jump Financial LLC bought a new stake in Liberty Global Ltd (NASDAQ:LBTYA) in the first quarter, Holdings Channel reports. The institutional investor bought 311,574 shares of the company’s stock, valued at approximately $3,586,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LBTYA. CWM LLC raised its holdings in shares of Liberty Global by 81.5% in the first quarter. CWM LLC now owns 2,285 shares of the company’s stock valued at $26,000 after buying an additional 1,026 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Liberty Global in the first quarter valued at about $50,000. Friedenthal Financial purchased a new stake in shares of Liberty Global in the first quarter valued at about $78,000. GAMMA Investing LLC raised its holdings in shares of Liberty Global by 2,370.7% in the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company’s stock valued at $78,000 after buying an additional 6,472 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Liberty Global by 90.9% in the first quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company’s stock valued at $121,000 after buying an additional 5,000 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LBTYA shares. Benchmark reiterated a “buy” rating and set a $21.00 price target (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Citigroup dropped their price target on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 28th. Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research note on Thursday, June 26th. UBS Group boosted their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a “neutral” rating in a research note on Wednesday, August 6th. Finally, Barclays set a $11.00 price target 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 given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.26.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total value of $678,600.00. Following the sale, the chief financial officer directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares in the company, valued at $96,823.65. This represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is owned by corporate insiders.

Liberty Global Trading Down 0.4%

Shares of LBTYA opened at $11.63 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm’s 50-day moving average is $10.39 and its two-hundred day moving average is $10.54. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $21.56. The firm has a market capitalization of $3.96 billion, a P/E ratio of -1.19 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYA) last issued its earnings results 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). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, research analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal year.

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.