Allianz Asset Management GmbH Acquires 321,444 Shares of Liberty Global Ltd (NASDAQ:LBTYK)

Key Points

• Allianz Asset Management GmbH increased its stake in Liberty Global Ltd by 185.2%, owning 495,002 shares valued at approximately $5.93 million as of its latest SEC filing.
• Other institutional investors, including Dimensional Fund Advisors and Oppenheimer Asset Management, also raised their stakes in Liberty Global, indicating increased institutional interest in the company.
• Liberty Global reported earnings of ($3.84) per share for the last quarter, missing analysts' expectations while achieving revenues of $1.17 billion, surpassing the consensus estimate.

Allianz Asset Management GmbH raised its holdings in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 185.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 495,002 shares of the company's stock after purchasing an additional 321,444 shares during the quarter. Allianz Asset Management GmbH owned 0.14% of Liberty Global worth $5,925,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LBTYK. Raymond James Financial Inc. purchased a new position in Liberty Global in the 4th quarter valued at approximately $155,000. HighTower Advisors LLC raised its holdings in Liberty Global by 7.4% during the fourth quarter. HighTower Advisors LLC now owns 43,609 shares of the company's stock worth $573,000 after purchasing an additional 3,002 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Liberty Global during the fourth quarter worth about $139,000. American Century Companies Inc. lifted its holdings in shares of Liberty Global by 7,017.5% in the fourth quarter. American Century Companies Inc. now owns 700,362 shares of the company's stock valued at $9,203,000 after purchasing an additional 690,522 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Liberty Global during the fourth quarter valued at approximately $456,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Trading Up 0.3%

NASDAQ:LBTYK traded up $0.04 during trading hours on Thursday, reaching $10.15. 187,505 shares of the company were exchanged, compared to its average volume of 1,385,110. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week high of $22.14. The stock has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $10.95. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -10.46 and a beta of 1.08. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($3.13). Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.08 billion.

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.