Credit Industriel ET Commercial Takes Position in Liberty Global Ltd $LBTYK

Credit Industriel ET Commercial acquired a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 542,958 shares of the company’s stock, valued at approximately $5,598,000. Liberty Global accounts for approximately 0.5% of Credit Industriel ET Commercial’s portfolio, making the stock its 29th biggest position. Credit Industriel ET Commercial owned approximately 0.16% of Liberty Global at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in shares of Liberty Global in the second quarter worth approximately $390,000. Twin Capital Management Inc. raised its position in shares of Liberty Global by 3.5% during the 2nd quarter. Twin Capital Management Inc. now owns 48,761 shares of the company’s stock valued at $503,000 after purchasing an additional 1,643 shares during the period. Bank of Montreal Can lifted its stake in shares of Liberty Global by 83.9% during the 2nd quarter. Bank of Montreal Can now owns 17,646 shares of the company’s stock valued at $182,000 after buying an additional 8,050 shares in the last quarter. Strs Ohio boosted its holdings in Liberty Global by 10.1% in the 2nd quarter. Strs Ohio now owns 124,588 shares of the company’s stock worth $1,285,000 after buying an additional 11,459 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in Liberty Global by 13.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 12,475 shares of the company’s stock worth $129,000 after buying an additional 1,523 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

Insider Transactions at Liberty Global

In other news, Director Miranda Curtis sold 42,600 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.77, for a total transaction of $501,402.00. Following the completion of the transaction, the director directly owned 129,305 shares in the company, valued at approximately $1,521,919.85. This represents a 24.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer directly owned 8,383 shares of the company’s stock, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 136,980 shares of company stock valued at $1,577,091 in the last ninety days. Corporate insiders own 9.86% of the company’s stock.

Liberty Global Stock Up 0.4%

LBTYK opened at $10.85 on Friday. The company has a market capitalization of $3.70 billion, a PE ratio of -1.11 and a beta of 1.06. The firm has a 50-day simple moving average of $11.48 and a two-hundred day simple moving average of $10.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $21.16.

Liberty Global (NASDAQ:LBTYK) last posted its earnings results on Thursday, October 30th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.16. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.23 billion.

Analyst Ratings Changes

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

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.