Wittenberg Investment Management Inc. Sells 284,406 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Wittenberg Investment Management Inc. decreased its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 76.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,100 shares of the company's stock after selling 284,406 shares during the quarter. Wittenberg Investment Management Inc.'s holdings in Liberty Global were worth $1,099,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its position in shares of Liberty Global by 153.2% during the third quarter. Barclays PLC now owns 496,045 shares of the company's stock worth $10,471,000 after buying an additional 300,126 shares during the period. State Street Corp raised its position in shares of Liberty Global by 36.8% in the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company's stock worth $55,399,000 after acquiring an additional 705,780 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Liberty Global in the 3rd quarter valued at about $445,000. JPMorgan Chase & Co. boosted its position in shares of Liberty Global by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 611,380 shares of the company's stock valued at $12,906,000 after purchasing an additional 31,259 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in Liberty Global by 333.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock worth $221,730,000 after purchasing an additional 13,366,743 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Up 0.9 %

LBTYA traded up $0.09 during trading on Wednesday, hitting $10.11. 737,737 shares of the company's stock were exchanged, compared to its average volume of 2,040,062. Liberty Global Ltd. has a fifty-two week low of $9.84 and a fifty-two week high of $21.56. The stock has a market cap of $3.53 billion, a P/E ratio of 2.41 and a beta of 1.25. The business's 50 day moving average is $11.33 and its two-hundred day moving average is $14.27. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.92) by $7.25. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. As a group, equities analysts expect that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LBTYA. Deutsche Bank Aktiengesellschaft dropped their price target on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Liberty Global currently has an average rating of "Hold" and an average price target of $17.43.

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.