Balefire LLC Reduces Holdings in Liberty Global Ltd $LBTYA

Balefire LLC trimmed its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 84.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,422 shares of the company’s stock after selling 57,701 shares during the quarter. Balefire LLC’s holdings in Liberty Global were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Liberty Global by 801.7% during the 1st quarter. Royal Bank of Canada now owns 120,200 shares of the company’s stock worth $1,383,000 after acquiring an additional 106,870 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Liberty Global in the 1st quarter worth $64,000. Millennium Management LLC raised its holdings in Liberty Global by 197.8% in the 1st quarter. Millennium Management LLC now owns 1,520,781 shares of the company’s stock worth $17,504,000 after purchasing an additional 1,010,118 shares during the period. Goldman Sachs Group Inc. lifted its position in Liberty Global by 27.8% during the first quarter. Goldman Sachs Group Inc. now owns 451,847 shares of the company’s stock valued at $5,201,000 after purchasing an additional 98,182 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in Liberty Global during the second quarter valued at about $100,000. 37.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LBTYA shares. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Pivotal Research reiterated a “buy” rating and issued a $18.00 price target on shares of Liberty Global in a research report on Monday, May 4th. UBS Group decreased their price target on Liberty Global from $12.60 to $12.10 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Global currently has a consensus rating of “Hold” and a consensus price target of $16.02.

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total value of $634,700.00. Following the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. The trade was a 50.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.34% of the stock is currently owned by company insiders.

Liberty Global Stock Up 1.4%

Shares of LBTYA opened at $10.42 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -0.65 and a beta of 0.93. Liberty Global Ltd has a 1 year low of $9.63 and a 1 year high of $13.52. The business’s 50 day simple moving average is $11.45 and its 200-day simple moving average is $11.66.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. As a group, equities analysts expect that Liberty Global Ltd will post -1.38 earnings per share for the current fiscal year.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.