Hussman Strategic Advisors Inc. bought a new stake in Liberty Global Ltd. (NASDAQ:LBTYA – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 42,000 shares of the company’s stock, valued at approximately $536,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after buying an additional 975 shares in the last quarter. Spire Wealth Management acquired a new position in Liberty Global during the 4th quarter worth about $59,000. Yousif Capital Management LLC acquired a new position in Liberty Global during the 4th quarter worth about $128,000. Clifford Capital Partners LLC acquired a new position in Liberty Global during the 3rd quarter worth about $227,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Liberty Global by 62.1% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 10,807 shares of the company’s stock worth $227,000 after buying an additional 4,142 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.
Insider Activity
In related news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.51% of the stock is currently owned by company insiders.
Liberty Global Stock Performance
Liberty Global (NASDAQ:LBTYA – Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $7.25. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a return on equity of 9.04% and a net margin of 23.09%. As a group, sell-side analysts expect that Liberty Global Ltd. will post -1.35 earnings per share for the current year.
Wall Street Analyst Weigh In
LBTYA has been the topic of several research reports. Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $13.00 in a research report on Monday, November 18th. Bank of America downgraded shares of Liberty Global from a “neutral” rating to an “underperform” rating and cut their target price for the company from $13.10 to $12.60 in a research report on Friday, December 6th. Finally, Barclays cut their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $17.75.
Read Our Latest Report on LBTYA
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.
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