Fmr LLC Sells 549,118 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

FMR LLC trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 20.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,188,088 shares of the company's stock after selling 549,118 shares during the quarter. FMR LLC owned approximately 0.61% of Liberty Global worth $47,285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Deseret Mutual Benefit Administrators lifted its stake in shares of Liberty Global by 41.4% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company's stock valued at $46,000 after buying an additional 754 shares in the last quarter. US Bancorp DE lifted its stake in shares of Liberty Global by 124.9% during the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company's stock valued at $47,000 after buying an additional 1,200 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Liberty Global during the 2nd quarter valued at approximately $71,000. Point72 Asset Management L.P. bought a new stake in Liberty Global during the 2nd quarter worth approximately $109,000. Finally, CWM LLC increased its holdings in Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company's stock worth $136,000 after acquiring an additional 5,774 shares during the period. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Trading Down 2.5 %

Shares of LBTYK stock traded down $0.36 on Friday, hitting $14.03. 1,899,583 shares of the company's stock traded hands, compared to its average volume of 1,925,579. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Global Ltd. has a one year low of $11.25 and a one year high of $22.14. The company's fifty day simple moving average is $18.38 and its 200 day simple moving average is $18.81. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of -1.38 and a beta of 1.20.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Global in a report on Thursday, November 14th. They set a "hold" rating on the stock.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Profile

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.