Liberty Global Ltd. (NASDAQ:LBTYA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,357 shares of the company’s stock after selling 66,171 shares during the quarter. Mackenzie Financial Corp’s holdings in Liberty Global were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB increased its holdings in shares of Liberty Global by 100.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 132,336 shares of the company’s stock valued at $2,266,000 after acquiring an additional 66,168 shares during the period. Brown Advisory Inc. acquired a new position in shares of Liberty Global in the 3rd quarter valued at $232,000. Advisor Partners II LLC acquired a new position in shares of Liberty Global in the 3rd quarter valued at $209,000. Autumn Glory Partners LLC acquired a new position in shares of Liberty Global in the 3rd quarter valued at $215,000. Finally, Simplex Trading LLC increased its holdings in shares of Liberty Global by 166.7% in the 3rd quarter. Simplex Trading LLC now owns 54,418 shares of the company’s stock valued at $931,000 after acquiring an additional 34,015 shares during the period. Institutional investors and hedge funds own 37.20% of the company’s stock.

Wall Street Analyst Weigh In

LBTYA has been the topic of a number of analyst reports. Citigroup upgraded shares of Liberty Global from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $20.00 to $24.00 in a research report on Friday, February 9th. TheStreet upgraded shares of Liberty Global from a “d+” rating to a “c-” rating in a research report on Thursday, January 25th. UBS Group lowered their price objective on shares of Liberty Global from $23.00 to $22.50 and set a “buy” rating on the stock in a research report on Monday, February 26th. HSBC lowered shares of Liberty Global from a “buy” rating to a “hold” rating and decreased their target price for the stock from $26.00 to $20.00 in a research report on Monday, March 18th. Finally, Bank of America lowered shares of Liberty Global from a “neutral” rating to an “underperform” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $26.36.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Bryan H. Hall sold 15,000 shares of Liberty Global stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $18.68, for a total value of $280,200.00. Following the completion of the transaction, the executive vice president now owns 129,934 shares of the company’s stock, valued at approximately $2,427,167.12. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last 90 days. 11.51% of the stock is owned by corporate insiders.

Liberty Global Stock Performance

Liberty Global stock opened at $16.25 on Thursday. The stock’s 50-day moving average is $17.17 and its 200-day moving average is $17.19. The company has a market cap of $6.14 billion, a price-to-earnings ratio of -1.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. Liberty Global Ltd. has a 12 month low of $15.01 and a 12 month high of $20.56.

Liberty Global (NASDAQ:LBTYA) last released its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by ($7.88). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Equities analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

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.