J David Wargo Sells 55,000 Shares of Liberty Global (NASDAQ:LBTYK) Stock

Liberty Global Ltd (NASDAQ:LBTYK) Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Global Trading Down 1.3%

LBTYK traded down $0.14 during trading on Thursday, reaching $10.77. 2,774,593 shares of the company’s stock were exchanged, compared to its average volume of 1,283,928. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a one year low of $9.73 and a one year high of $13.12. The firm has a fifty day moving average price of $11.68 and a two-hundred day moving average price of $11.47. The stock has a market capitalization of $3.64 billion, a PE ratio of -0.67 and a beta of 0.88.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $1.31. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors have recently modified their holdings of the company. Clearstead Advisors LLC increased its position in shares of Liberty Global by 2.7% during the third quarter. Clearstead Advisors LLC now owns 37,485 shares of the company’s stock worth $440,000 after buying an additional 973 shares during the period. California State Teachers Retirement System lifted its holdings in Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after buying an additional 1,116 shares during the period. Arkadios Wealth Advisors boosted its position in Liberty Global by 9.7% during the fourth quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock valued at $144,000 after acquiring an additional 1,157 shares during the last quarter. CWM LLC boosted its position in Liberty Global by 28.1% during the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in Liberty Global by 9.3% during the 4th quarter. Perigon Wealth Management LLC now owns 21,111 shares of the company’s stock worth $233,000 after acquiring an additional 1,789 shares during the period. 46.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LBTYK shares. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Global presently has a consensus rating of “Sell”.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.