JPMorgan Chase & Co. Sells 51,660 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

JPMorgan Chase & Co. cut its stake in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,905 shares of the company's stock after selling 51,660 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of Liberty Global worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Global during the 3rd quarter worth $15,636,000. Janney Montgomery Scott LLC boosted its holdings in Liberty Global by 22.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company's stock worth $7,377,000 after purchasing an additional 102,429 shares in the last quarter. Virtu Financial LLC acquired a new position in Liberty Global during the third quarter worth $1,551,000. ABC Arbitrage SA bought a new position in Liberty Global during the fourth quarter valued at about $1,803,000. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of Liberty Global by 18.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,484,494 shares of the company's stock worth $45,786,000 after buying an additional 553,947 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded up $0.11 during trading on Wednesday, reaching $11.03. The stock had a trading volume of 775,628 shares, compared to its average volume of 1,798,649. The stock has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $13.92. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a 52 week low of $10.18 and a 52 week high of $22.14. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 2.63 and a beta of 1.19.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping the consensus estimate of ($0.86) by $7.19. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Liberty Global in a report on Friday, January 17th. They set a "hold" rating on the stock.

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.