Liberty Global Ltd. (NASDAQ:LBTYA) director Curtis Miranda has sold a total of 38,000 Class A Common Shares, netting more than $740,000 from the transaction. The sale occurred on July 29, with the prices of the shares ranging from $19.52 to $19.6477, reflecting a weighted average of $19.5739 per share.
This transaction was disclosed in a recent Securities and Exchange Commission filing, which also noted that following the sale, Miranda still owns 61,699 shares of Liberty Global. The company, known for its cable and pay television services, has multiple classes of common shares, identified by the trading symbols LBTYA, LBTYB, and LBTYK.
Investors often keep a close eye on insider transactions like these for insights into the perspectives of high-level executives and directors regarding their company's stock. While the reasons for Miranda's sale were not disclosed, the substantial amount and the remaining stake in the company suggest a noteworthy event in Liberty Global's recent insider trading activity.
The provided information, including the range of sale prices and the subsequent ownership, is available to the public and can be requested for further details as per SEC regulations. The transaction was signed by Cory Smith, Attorney-in-Fact, on July 30, a day after the reported sale.
InvestingPro Insights
Liberty Global Ltd. (NASDAQ:LBTYA) has been making headlines with insider trading activity, but what do the numbers say about the company's performance and market position? According to InvestingPro, Liberty Global is a prominent player in the Insurance industry, which could be a key factor in understanding the context of such insider transactions.
InvestingPro Data shows that Liberty Global reported a revenue of $97.03 million in the last twelve months as of Q4 2023, marking a growth of 14.2% in the same period. This growth is a positive sign for investors, indicating the company's ability to increase its sales. Additionally, the company has a gross profit margin of 15.0%, which, despite being considered weak according to one of the InvestingPro Tips, still reflects the company's capability to retain a fraction of sales after accounting for the cost of goods sold.
Another notable metric is the company's year-to-date price total return, which stands at an impressive 67.25%. This suggests that shareholders have seen substantial gains in their investment over this period, aligning with the InvestingPro Tip that highlights the high return over the last year.
Investors looking for more insights can find additional InvestingPro Tips for Liberty Global, which cover various aspects of the company's financial health and market performance. There are 6 more tips available, providing a deeper dive into metrics such as stock price movements in relation to the market, valuation implications on free cash flow yield, and the company's liquidity situation.
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