Sequoia Financial Advisors LLC Has $3.19 Million Stake in Liberty Global Ltd $LBTYK

Sequoia Financial Advisors LLC trimmed its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK) by 9.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,774 shares of the company’s stock after selling 32,898 shares during the period. Sequoia Financial Advisors LLC’s holdings in Liberty Global were worth $3,194,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in Liberty Global by 6.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 597,190 shares of the company’s stock valued at $7,148,000 after purchasing an additional 35,778 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Liberty Global during the 1st quarter valued at $487,000. American Century Companies Inc. increased its holdings in Liberty Global by 61.4% during the 1st quarter. American Century Companies Inc. now owns 1,130,613 shares of the company’s stock valued at $13,533,000 after purchasing an additional 430,251 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Liberty Global by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company’s stock valued at $40,611,000 after purchasing an additional 47,748 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Liberty Global by 1.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company’s stock valued at $42,293,000 after purchasing an additional 48,716 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Liberty Global

In other news, CFO Charles H. R. Bracken sold 60,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the transaction, the chief financial officer directly owned 33,220 shares in the company, valued at $375,718.20. This trade represents a 64.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Miranda Curtis sold 42,600 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock worth $1,577,091 in the last three months. Insiders own 9.86% of the company’s stock.

Liberty Global Stock Up 0.2%

NASDAQ LBTYK opened at $11.02 on Wednesday. The stock has a fifty day moving average of $11.65 and a 200-day moving average of $10.82. The stock has a market capitalization of $3.75 billion, a P/E ratio of -1.13 and a beta of 1.08. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $22.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.44) by ($7.65). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.