Synovus Financial Corp Acquires Shares of 26,228 Liberty Global Ltd. (NASDAQ:LBTYK)

Synovus Financial Corp purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,228 shares of the company's stock, valued at approximately $345,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sterling Capital Management LLC raised its position in Liberty Global by 60.3% in the fourth quarter. Sterling Capital Management LLC now owns 9,602 shares of the company's stock valued at $126,000 after purchasing an additional 3,613 shares during the last quarter. Raymond James Financial Inc. bought a new position in Liberty Global in the 4th quarter valued at approximately $155,000. Renaissance Technologies LLC grew its holdings in Liberty Global by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,878,800 shares of the company's stock worth $24,687,000 after acquiring an additional 84,100 shares during the last quarter. Elgethun Capital Management increased its position in Liberty Global by 1.9% in the 4th quarter. Elgethun Capital Management now owns 774,754 shares of the company's stock valued at $10,180,000 after acquiring an additional 14,806 shares during the period. Finally, Twin Capital Management Inc. bought a new position in shares of Liberty Global during the fourth quarter valued at $621,000. 46.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Global in a research report on Friday, January 17th. They set a "hold" rating for the company.

Liberty Global Trading Up 1.5 %

LBTYK stock traded up $0.16 during midday trading on Wednesday, hitting $11.08. The stock had a trading volume of 147,138 shares, compared to its average volume of 1,796,202. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.86 billion, a P/E ratio of 2.64 and a beta of 1.19. The business has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $13.92. Liberty Global Ltd. has a 1-year low of $10.18 and a 1-year high of $22.14.

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, beating the consensus estimate of ($0.86) by $7.19. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion.

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.