Insider Selling: Liberty Global Ltd. (NASDAQ:LBTYA) Major Shareholder Sells 57,000 Shares of Stock

Liberty Global Ltd. (NASDAQ:LBTYA) major shareholder Nicholas V. Tompras sold 57,000 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the transaction, the insider now directly owns 16,153 shares in the company, valued at $209,019.82. This trade represents a 77.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Liberty Global Price Performance

LBTYA opened at $10.98 on Thursday. Liberty Global Ltd. has a 1 year low of $10.89 and a 1 year high of $21.56. The stock has a 50-day moving average price of $12.23 and a 200-day moving average price of $16.57. The firm has a market cap of $3.93 billion, a PE ratio of -1.08 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock valued at $39,000 after purchasing an additional 975 shares in the last quarter. Spire Wealth Management bought a new position in Liberty Global during the 4th quarter valued at about $59,000. New Age Alpha Advisors LLC purchased a new stake in shares of Liberty Global during the 4th quarter valued at about $73,000. VisionPoint Advisory Group LLC bought a new stake in shares of Liberty Global in the fourth quarter worth approximately $123,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Liberty Global during the fourth quarter valued at approximately $128,000. Institutional investors own 37.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LBTYA. Barclays cut their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft reduced their price target 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. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $13.10 to $12.60 in a report on Friday, December 6th. Sanford C. Bernstein cut 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 note on Thursday, January 23rd. Finally, Benchmark restated a “buy” rating and set a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.75.

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.