88,080 Shares in Liberty Global Ltd $LBTYA Acquired by Simplex Trading LLC

Simplex Trading LLC purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 88,080 shares of the company’s stock, valued at approximately $804,000.

Several other hedge funds also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new stake in shares of Liberty Global during the 3rd quarter valued at $127,000. Chicago Partners Investment Group LLC bought a new position in shares of Liberty Global in the 3rd quarter worth about $105,000. Asset Management One Co. Ltd. increased its stake in shares of Liberty Global by 1,011.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 19,040 shares of the company’s stock worth $174,000 after acquiring an additional 17,327 shares in the last quarter. Seven Mile Advisory purchased a new position in Liberty Global during the 3rd quarter valued at about $198,000. Finally, Lancaster Investment Management purchased a new position in Liberty Global during the 3rd quarter valued at about $34,336,000. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on LBTYA shares. UBS Group decreased their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. Barclays dropped their price target on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 20th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Thursday, October 29th. Finally, New Street Research raised Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, October 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liberty Global currently has a consensus rating of “Hold” and an average target price of $12.78.

Insider Transactions at Liberty Global

In related news, EVP Enrique Rodriguez bought 211,313 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The shares were bought at an average price of $9.45 per share, for a total transaction of $1,996,907.85. Following the completion of the acquisition, the executive vice president owned 602,378 shares of the company’s stock, valued at $5,692,472.10. This trade represents a 54.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael T. Fries bought 110,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 4th. The stock was bought at an average price of $9.37 per share, for a total transaction of $1,030,700.00. Following the acquisition, the chief executive officer directly owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. The trade was a 9.75% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 4.34% of the company’s stock.

Liberty Global Trading Up 0.9%

Liberty Global stock opened at $9.99 on Tuesday. Liberty Global Ltd has a 12 month low of $7.36 and a 12 month high of $13.52. The stock has a fifty day simple moving average of $9.22 and a two-hundred day simple moving average of $10.97. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.64. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. As a group, analysts expect that Liberty Global Ltd will post -1.47 EPS for the current year.

About Liberty Global

Liberty Global is an international telecommunications company that provides broadband, mobile, television and fixed-line voice services through operating companies and joint ventures. Its businesses serve residential and business customers, with offerings that include internet access, mobile connectivity, video services and related communications products.

The company’s European portfolio includes Virgin Media O2 in the United Kingdom, VodafoneZiggo in the Netherlands and Telenet in Belgium.