Elgethun Capital Management Increases Stake in Liberty Global Ltd. (NASDAQ:LBTYK)

Elgethun Capital Management grew its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 71.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 746,975 shares of the company's stock after purchasing an additional 312,003 shares during the period. Liberty Global comprises approximately 3.4% of Elgethun Capital Management's portfolio, making the stock its 7th biggest position. Elgethun Capital Management owned about 0.20% of Liberty Global worth $13,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in Liberty Global by 151.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company's stock worth $65,766,000 after purchasing an additional 2,219,823 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Liberty Global by 85.4% during the second quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company's stock valued at $62,671,000 after acquiring an additional 1,617,711 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company's stock worth $52,303,000 after acquiring an additional 447,135 shares during the period. Envestnet Asset Management Inc. boosted its position in Liberty Global by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company's stock worth $44,612,000 after purchasing an additional 18,319 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Liberty Global by 38.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company's stock valued at $39,870,000 after purchasing an additional 592,653 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded up $0.28 during midday trading on Thursday, reaching $21.76. 773,900 shares of the company traded hands, compared to its average volume of 1,956,204. Liberty Global Ltd. has a 12 month low of $16.03 and a 12 month high of $22.05. The firm's fifty day moving average price is $19.89 and its two-hundred day moving average price is $18.42. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of -3.35 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The firm had revenue of $1.87 billion for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Liberty Global from a "sell" rating to a "hold" rating in a research note on Thursday, August 29th.

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.