Millennium Management LLC Has $25.55 Million Stock Position in Liberty Global Ltd $LBTYK

Millennium Management LLC increased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) by 134.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,134,771 shares of the company’s stock after buying an additional 1,224,873 shares during the period. Millennium Management LLC’s holdings in Liberty Global were worth $25,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Liberty Global by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company’s stock valued at $61,000 after purchasing an additional 1,059 shares during the period. CWM LLC lifted its position in Liberty Global by 19.1% during the 1st quarter. CWM LLC now owns 7,190 shares of the company’s stock valued at $86,000 after purchasing an additional 1,155 shares during the period. PNC Financial Services Group Inc. lifted its position in Liberty Global by 19.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company’s stock valued at $100,000 after purchasing an additional 1,333 shares during the period. Northeast Financial Consultants Inc lifted its position in Liberty Global by 18.1% during the 4th quarter. Northeast Financial Consultants Inc now owns 12,261 shares of the company’s stock valued at $161,000 after purchasing an additional 1,875 shares during the period. Finally, Chemistry Wealth Management LLC lifted its position in Liberty Global by 7.8% during the 1st quarter. Chemistry Wealth Management LLC now owns 33,533 shares of the company’s stock valued at $401,000 after purchasing an additional 2,423 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Stock Performance

Shares of LBTYK stock opened at $12.11 on Friday. The stock has a market cap of $4.13 billion, a PE ratio of -1.24 and a beta of 1.11. The stock has a 50-day moving average of $11.08 and a 200-day moving average of $10.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. Liberty Global Ltd has a one year low of $9.21 and a one year high of $22.14.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($7.65). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

Insider Activity at Liberty Global

In related news, CAO Jason Waldron sold 34,380 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer directly owned 8,383 shares in the company, valued at $96,823.65. This trade represents a 80.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. This represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock worth $1,577,091 in the last ninety days. Company insiders own 9.86% of the company’s stock.

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.