Liberty Global Ltd. (NASDAQ:LBTYA) Major Shareholder Nicholas V. Tompras Sells 57,000 Shares of Stock

Liberty Global Ltd. (NASDAQ:LBTYA) major shareholder Nicholas V. Tompras sold 57,000 shares of the 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 completion of the sale, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. This represents a 77.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Liberty Global Stock Performance

NASDAQ:LBTYA opened at $11.09 on Tuesday. The stock has a market capitalization of $3.97 billion, a P/E ratio of -1.09 and a beta of 1.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global Ltd. has a fifty-two week low of $10.93 and a fifty-two week high of $21.56. The company has a 50 day moving average price of $12.34 and a 200 day moving average price of $16.68.

Institutional Investors Weigh In On Liberty Global

Institutional investors have recently modified their holdings of the company. ACR Alpine Capital Research LLC raised its stake in shares of Liberty Global by 333.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock valued at $221,730,000 after acquiring an additional 13,366,743 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Liberty Global by 2,799.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after purchasing an additional 4,485,823 shares in the last quarter. State Street Corp boosted its stake in shares of Liberty Global by 36.8% in the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after buying an additional 705,780 shares during the period. Geode Capital Management LLC increased its stake in shares of Liberty Global by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company’s stock worth $47,778,000 after buying an additional 141,749 shares during the period. Finally, Mirabella Financial Services LLP raised its holdings in Liberty Global by 16.6% in the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company’s stock valued at $44,619,000 after acquiring an additional 300,305 shares in the last quarter. 37.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LBTYA shares. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Benchmark reiterated a “buy” rating and issued a $27.00 target price on shares of Liberty Global in a report on Tuesday, October 29th. UBS Group downgraded shares of Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Global from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.