Wallace Capital Management Inc. Has $21.04 Million Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Wallace Capital Management Inc. trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 3.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 973,501 shares of the company's stock after selling 39,628 shares during the quarter. Liberty Global comprises about 2.8% of Wallace Capital Management Inc.'s holdings, making the stock its 7th biggest position. Wallace Capital Management Inc. owned 0.27% of Liberty Global worth $21,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Deseret Mutual Benefit Administrators grew its holdings in shares of 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 buying an additional 754 shares during the last quarter. US Bancorp DE raised its stake in shares of Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company's stock worth $47,000 after purchasing an additional 1,200 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Liberty Global in the second quarter valued at approximately $71,000. Point72 Asset Management L.P. purchased a new position in shares of Liberty Global during the second quarter valued at approximately $109,000. Finally, CWM LLC grew its holdings in Liberty Global by 1,159.4% during the third quarter. CWM LLC now owns 6,272 shares of the company's stock worth $136,000 after buying an additional 5,774 shares in the last quarter. 46.10% of the stock is owned by institutional investors.

Liberty Global Stock Performance

Shares of Liberty Global stock traded down $0.36 during trading hours on Friday, reaching $14.03. The company had a trading volume of 1,899,583 shares, compared to its average volume of 1,846,147. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Global Ltd. has a one year low of $11.25 and a one year high of $22.14. The firm has a market cap of $5.02 billion, a PE ratio of -1.42 and a beta of 1.20. The business has a fifty day simple moving average of $18.54 and a 200 day simple moving average of $18.83.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Liberty Global in a report on Thursday, November 14th. They set a "hold" rating on the stock.

Insider Activity

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction on Monday, December 2nd. The shares were 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. This trade represents a 61.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.86% of the company's stock.

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.