Simplex Trading LLC Makes New Investment in Liberty Global Ltd $LBTYA

Simplex Trading LLC purchased a new stake in Liberty Global Ltd (NASDAQ:LBTYA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 LBTYA. AlphaCore Capital LLC purchased a new stake in shares of Liberty Global in the third quarter worth about $127,000. Chicago Partners Investment Group LLC purchased a new position in Liberty Global during the third quarter valued at approximately $105,000. Asset Management One Co. Ltd. grew its stake in Liberty Global by 1,011.5% during the third quarter. Asset Management One Co. Ltd. now owns 19,040 shares of the company’s stock valued at $174,000 after acquiring an additional 17,327 shares in the last quarter. Seven Mile Advisory bought a new stake in Liberty Global during the 3rd quarter worth approximately $198,000. Finally, Lancaster Investment Management bought a new stake in Liberty Global during the 3rd quarter worth approximately $34,336,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Up 0.9%

Shares of Liberty Global stock opened at $9.99 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50 day moving average of $9.22 and a 200 day moving average of $10.97. Liberty Global Ltd has a 52 week low of $7.36 and a 52 week high of $13.52.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $1.64. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.71 billion. Liberty Global had a negative return on equity of 25.59% and a negative net margin of 44.40%. On average, equities research analysts predict that Liberty Global Ltd will post -1.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of several recent analyst reports. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday. New Street Research upgraded Liberty Global from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 20th. Barclays lowered their price target on Liberty Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Thursday, October 29th. Finally, UBS Group dropped their price target on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.78.

Insider Buying and Selling at Liberty Global

In related news, CEO Michael T. Fries acquired 110,000 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was acquired at an average cost of $9.37 per share, for a total transaction of $1,030,700.00. Following the acquisition, the chief executive officer owned 1,238,525 shares of the company’s stock, valued at $11,604,979.25. This trade represents a 9.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Enrique Rodriguez bought 211,313 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was bought at an average cost of $9.45 per share, with a total value of $1,996,907.85. Following the completion of the transaction, the executive vice president owned 602,378 shares in the company, valued at approximately $5,692,472.10. This trade represents a 54.04% increase in their position. The disclosure for this purchase is available in the SEC filing. 4.34% of the stock is currently owned by corporate insiders.

Liberty Global Profile

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.