Envestnet Asset Management Inc. Purchases 807,953 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Envestnet Asset Management Inc. boosted its position in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 31.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,345,019 shares of the company's stock after purchasing an additional 807,953 shares during the period. Envestnet Asset Management Inc. owned approximately 0.94% of Liberty Global worth $43,954,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LBTYK. State Street Corp grew its position in Liberty Global by 3.6% in the third quarter. State Street Corp now owns 3,797,422 shares of the company's stock worth $82,062,000 after acquiring an additional 131,875 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Liberty Global in the third quarter worth about $15,636,000. JPMorgan Chase & Co. boosted its stake in Liberty Global by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company's stock valued at $7,554,000 after buying an additional 88,975 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Liberty Global during the 3rd quarter worth about $1,551,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Liberty Global by 22.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company's stock valued at $7,377,000 after acquiring an additional 102,429 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Liberty Global in a report on Friday, January 17th. They issued a "hold" rating on the stock.

Liberty Global Stock Up 0.2 %

Shares of NASDAQ LBTYK traded up $0.03 during midday trading on Wednesday, reaching $11.07. The company's stock had a trading volume of 141,748 shares, compared to its average volume of 1,809,944. Liberty Global Ltd. has a fifty-two week low of $10.18 and a fifty-two week high of $22.14. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 2.64 and a beta of 1.19. 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 stock has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $14.30.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.86) by $7.19. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.

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.