Liberty Global Ltd $LBTYK Shares Bought by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management increased its Liberty Global stake by 3.6% in the second quarter, adding 127,220 shares to hold 3.71 million shares worth approximately $40.8 million. Institutional investors collectively own 46.1% of the company.
• Liberty Global reported quarterly revenue of $1.17 billion and an adjusted loss of $1.07 per share, missing analyst estimates of $1.34 billion in revenue and a $0.48-per-share loss.
• The stock opened at $9.26, near its 52-week low of $9.03, while analysts maintained a negative outlook: Weiss Ratings issued a “sell” rating and Wall Street Zen downgraded the shares to “sell.”

Envestnet Asset Management Inc. lifted its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,707,586 shares of the company's stock after acquiring an additional 127,220 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.09% of Liberty Global worth $40,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC increased its holdings in Liberty Global by 299.2% during the first quarter. Janus Henderson Group PLC now owns 251,900 shares of the company's stock worth $2,954,000 after buying an additional 188,800 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company's stock worth $80,757,000 after acquiring an additional 467,869 shares in the last quarter. Capula Management Ltd lifted its stake in Liberty Global by 388.3% in the first quarter. Capula Management Ltd now owns 210,109 shares of the company's stock valued at $2,465,000 after acquiring an additional 167,080 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Liberty Global by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 7,916,167 shares of the company's stock valued at $92,857,000 after acquiring an additional 238,052 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Liberty Global by 141.5% in the 1st quarter. Sei Investments Co. now owns 170,952 shares of the company's stock valued at $2,005,000 after acquiring an additional 100,159 shares during the period. Institutional investors own 46.10% of the company's stock.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $9.26 on Monday. The firm has a 50-day moving average of $10.15 and a 200-day moving average of $11.00. Liberty Global Ltd has a 52-week low of $9.03 and a 52-week high of $13.12. The stock has a market cap of $3.16 billion, a PE ratio of -1.03 and a beta of 0.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.34 billion.

Analyst Ratings Changes

Several research analysts have recently weighed in on LBTYK shares. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. Wall Street Zen downgraded Liberty Global from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Sell".

Liberty Global Profile

Liberty Global plc is an international telecommunications and media company that provides broadband internet, video, fixed-line telephone and mobile communications services. Its operations also support business connectivity, digital infrastructure and related technology services for residential and commercial customers.

The company serves customers primarily in Europe through operating businesses and strategic joint ventures. Its portfolio has included Virgin Media O2 in the United Kingdom, Telenet in Belgium, Sunrise in Switzerland and VodafoneZiggo in the Netherlands, as well as other investments in communications, media and technology businesses.

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