Mendota Financial Group LLC Trims Stock Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Mendota Financial Group LLC cut its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 84.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,020 shares of the company's stock after selling 47,915 shares during the quarter. Mendota Financial Group LLC's holdings in Liberty Global were worth $195,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators grew its holdings in Liberty Global by 41.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company's stock valued at $46,000 after purchasing an additional 754 shares during the period. V Square Quantitative Management LLC increased its holdings in Liberty Global by 64.4% in the 4th quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company's stock worth $48,000 after acquiring an additional 999 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Liberty Global by 6.1% in the 1st quarter. Perigon Wealth Management LLC now owns 20,786 shares of the company's stock valued at $367,000 after acquiring an additional 1,188 shares during the period. Caprock Group LLC lifted its holdings in Liberty Global by 9.1% during the first quarter. Caprock Group LLC now owns 15,288 shares of the company's stock valued at $270,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Liberty Global by 17.0% during the first quarter. Nordea Investment Management AB now owns 19,737 shares of the company's stock worth $349,000 after purchasing an additional 2,863 shares during the period. 46.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised Liberty Global from a "sell" rating to a "hold" rating in a report on Thursday, August 29th.

Liberty Global Price Performance

Shares of LBTYK stock traded down $0.28 during trading on Friday, hitting $21.19. The company had a trading volume of 1,033,485 shares, compared to its average volume of 1,894,577. Liberty Global Ltd. has a 52 week low of $16.03 and a 52 week high of $22.14. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13. 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 stock's 50-day moving average is $20.38 and its two-hundred day moving average is $18.73.

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

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.