Franklin Resources Inc. Boosts Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Franklin Resources Inc. lifted its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 1,092.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,547 shares of the company's stock after buying an additional 81,121 shares during the period. Franklin Resources Inc.'s holdings in Liberty Global were worth $1,874,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in Liberty Global during the 3rd quarter worth approximately $7,471,000. State Street Corp lifted its holdings in shares of Liberty Global by 3.6% during the third quarter. State Street Corp now owns 3,797,422 shares of the company's stock worth $82,062,000 after purchasing an additional 131,875 shares during the period. Susquehanna International Group LLP grew its stake in shares of Liberty Global by 121.1% in the second quarter. Susquehanna International Group LLP now owns 376,698 shares of the company's stock worth $6,724,000 after purchasing an additional 206,318 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Global in the third quarter valued at $15,636,000. Finally, DekaBank Deutsche Girozentrale raised its position in Liberty Global by 296.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,522 shares of the company's stock worth $668,000 after purchasing an additional 23,568 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Stock Down 0.8 %

LBTYK stock traded down $0.10 during midday trading on Friday, reaching $12.91. 1,150,164 shares of the company's stock traded hands, compared to its average volume of 1,853,976. Liberty Global Ltd. has a 52 week low of $11.25 and a 52 week high of $22.14. The company has a market cap of $4.62 billion, a price-to-earnings ratio of -1.27 and a beta of 1.20. The firm's fifty day moving average price is $16.06 and its 200-day moving average price is $18.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Global in a research note on Tuesday. They set a "hold" rating for the company.

Insider Activity

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the company'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 represents a 61.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.