Bryan H. Hall, Executive Vice President, General Counsel, and Secretary at Liberty Global Ltd. (NASDAQ:LBTYA), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Hall disposed of a total of 25,000 Class A common shares over two days.
The transactions occurred on November 20 and 21, with the shares sold at a weighted average price ranging from $13.1807 to $13.1986. The total value of the shares sold amounted to $329,607. Following these transactions, Hall retains ownership of 171,875 shares in the company.
Liberty Global Ltd., a major player in the cable and pay television industry, is publicly traded under the symbols LBTYA, LBTYB, and LBTYK.
InvestingPro Insights
The recent insider sale by Bryan H. Hall comes at a time when Liberty Global Ltd. (NASDAQ:LBTY) is experiencing significant market volatility and mixed financial performance. According to InvestingPro data, the company has seen impressive revenue growth of 14.2% in the last twelve months as of Q4 2023, with total revenue reaching $97.03 million. This growth is reflected in the stock's performance, with a remarkable year-to-date price total return of 104.87% as of March 27, 2024.
However, InvestingPro Tips highlight that the stock has taken a big hit over the last week, with a 1-week price total return of -10.38%. This recent dip could be related to the insider sale, as such transactions often signal caution to investors. The stock's high price volatility, another InvestingPro Tip, further underscores the potential risks associated with investing in LBTY.
Despite these challenges, Liberty Global remains profitable, with an operating income of $7.01 million in the last twelve months. The company also boasts a healthy dividend yield of 5.27%, with the next ex-dividend date set for June 17, 2024.
For investors seeking a more comprehensive analysis, InvestingPro offers 8 additional tips for Liberty Global, providing a deeper understanding of the company's financial health and market position. These insights can be particularly valuable given the stock's recent performance and the insider trading activity.
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