SG Americas Securities LLC Lowers Holdings in Liberty Global Ltd $LBTYA

SG Americas Securities LLC reduced its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 87.8% in the 1st quarter, Holdings Channel reports. The fund owned 62,058 shares of the company’s stock after selling 445,387 shares during the period. SG Americas Securities LLC’s holdings in Liberty Global were worth $750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LBTYA. Clearline Capital LP acquired a new position in Liberty Global in the 3rd quarter valued at $2,059,000. UBS Group AG grew its stake in Liberty Global by 44.2% during the 4th quarter. UBS Group AG now owns 2,754,981 shares of the company’s stock valued at $30,690,000 after acquiring an additional 844,265 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in Liberty Global in the 3rd quarter valued at about $5,188,000. Oaktree Capital Management LP lifted its stake in Liberty Global by 4.1% in the 3rd quarter. Oaktree Capital Management LP now owns 8,551,191 shares of the company’s stock worth $97,997,000 after purchasing an additional 339,000 shares in the last quarter. Finally, Lighthouse Investment Partners LLC boosted its holdings in shares of Liberty Global by 30.0% during the 3rd quarter. Lighthouse Investment Partners LLC now owns 406,036 shares of the company’s stock worth $4,653,000 after purchasing an additional 93,700 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

LBTYA has been the subject of several recent research reports. Zacks Research raised Liberty Global from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Pivotal Research reissued a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research note on Monday, May 4th. UBS Group upped their price objective on Liberty Global from $12.00 to $12.60 and gave the company a “neutral” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $16.15.

Liberty Global Stock Up 1.1%

Shares of NASDAQ LBTYA opened at $10.98 on Tuesday. Liberty Global Ltd has a 52-week low of $9.62 and a 52-week high of $13.52. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $11.77 and its two-hundred day moving average is $11.71. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of -0.68 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Research analysts predict that Liberty Global Ltd will post -1.38 EPS for the current year.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 approximately $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.34% of the company’s stock.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.