JPMorgan Chase & Co. Grows Position in Liberty Global Ltd. (NASDAQ:LBTYK)

JPMorgan Chase & Co. lifted its position in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 34.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,565 shares of the company's stock after purchasing an additional 88,975 shares during the quarter. JPMorgan Chase & Co. owned about 0.10% of Liberty Global worth $7,554,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased 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 acquiring an additional 1,200 shares during the period. Deseret Mutual Benefit Administrators grew its position in shares of Liberty Global by 22.5% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company's stock worth $68,000 after buying an additional 578 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Liberty Global during the second quarter valued at $109,000. CWM LLC raised its holdings in shares of Liberty Global by 1,159.4% in the third quarter. CWM LLC now owns 6,272 shares of the company's stock valued at $136,000 after acquiring an additional 5,774 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Liberty Global in the third quarter worth about $185,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.86% of the stock is currently owned by insiders.

Liberty Global Stock Up 1.1 %

Shares of LBTYK traded up $0.13 during midday trading on Wednesday, hitting $12.05. 2,017,538 shares of the company's stock traded hands, compared to its average volume of 1,454,526. Liberty Global Ltd. has a 1 year low of $11.25 and a 1 year high of $22.14. The firm's fifty day moving average is $14.08 and its 200-day moving average is $17.97. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of -1.19 and a beta of 1.21.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Liberty Global in a research report on Thursday, January 9th. They issued a "hold" rating on the stock.

Liberty Global Company 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.