Bank of New York Mellon Corp Sells 44,573 Shares of Liberty Global Ltd (NASDAQ:LBTYK)

Bank of New York Mellon Corp reduced its position in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 624,259 shares of the company's stock after selling 44,573 shares during the period. Bank of New York Mellon Corp owned approximately 0.18% of Liberty Global worth $7,472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Liberty Global by 31.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,345,019 shares of the company's stock valued at $43,954,000 after buying an additional 807,953 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Global by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock worth $82,852,000 after buying an additional 796,034 shares during the period. American Century Companies Inc. increased its position in Liberty Global by 7,017.5% in the 4th quarter. American Century Companies Inc. now owns 700,362 shares of the company's stock worth $9,203,000 after buying an additional 690,522 shares during the period. Millennium Management LLC grew its holdings in shares of Liberty Global by 268.3% during the 4th quarter. Millennium Management LLC now owns 909,898 shares of the company's stock worth $11,956,000 after purchasing an additional 662,827 shares in the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Liberty Global by 276.2% during the 4th quarter. Trexquant Investment LP now owns 333,750 shares of the company's stock worth $4,385,000 after purchasing an additional 245,040 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company's stock.

Liberty Global Price Performance

LBTYK stock traded down $0.04 during trading on Friday, hitting $10.29. The company had a trading volume of 1,580,101 shares, compared to its average volume of 887,278. The company has a fifty day moving average price of $10.12 and a two-hundred day moving average price of $10.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a market cap of $3.59 billion, a P/E ratio of -10.61 and a beta of 1.08. Liberty Global Ltd has a fifty-two week low of $9.21 and a fifty-two week high of $22.14.

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

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.