ABC Arbitrage SA acquired a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 137,192 shares of the company's stock, valued at approximately $1,803,000.
Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Liberty Global during the 4th quarter worth approximately $28,000. US Bancorp DE raised its position in shares of Liberty Global by 124.9% during the third quarter. US Bancorp DE now owns 2,161 shares of the company's stock worth $47,000 after purchasing an additional 1,200 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Liberty Global in the 4th quarter worth $66,000. Deseret Mutual Benefit Administrators grew its position in Liberty Global by 22.5% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company's stock valued at $68,000 after purchasing an additional 578 shares during the period. Finally, CWM LLC increased its stake in Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company's stock valued at $136,000 after purchasing an additional 5,774 shares in the last quarter. Institutional investors own 46.10% of the company's stock.
Liberty Global Stock Performance
LBTYK stock traded up $0.29 during midday trading on Wednesday, hitting $11.54. The company's stock had a trading volume of 2,593,873 shares, compared to its average volume of 1,324,321. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of -1.14 and a beta of 1.19. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock's 50-day moving average price is $12.39 and its 200 day moving average price is $16.68. Liberty Global Ltd. has a 1 year low of $10.83 and a 1 year high of $22.14.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.86) by $7.19. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a negative return on equity of 22.30% and a negative net margin of 54.02%.
Insider Activity at Liberty Global
In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm's stock in a transaction on Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the sale, the insider now owns 16,153 shares in the company, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Charles H. R. Bracken sold 84,103 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the transaction, the chief financial officer now owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.86% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Liberty Global in a report on Friday, January 17th. They set a "hold" rating for the company.
Get Our Latest Research Report on Liberty Global
Liberty Global Company Profile
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Free Report)
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.
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