Liberty Global Ltd $LBTYK Shares Newly Purchased by Transmarket Holdings LP

Key Points

• Transmarket Holdings LP acquired 156,408 Liberty Global shares in the third quarter, valued at approximately $1.39 million and representing about 0.8% of its portfolio. Other institutional investors also increased their positions, with institutional ownership totaling 46.1%.
• Liberty Global shares fell 2.3% to $7.57, near the company’s one-year low of $7.32 and below its 50-day and 200-day moving averages.
• Analyst sentiment remains negative: Liberty Global received a “Sell” rating from the referenced coverage, with one analyst rating the stock Sell and the average MarketBeat rating at “Sell.”

Transmarket Holdings LP acquired a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 156,408 shares of the company's stock, valued at approximately $1,390,000. Liberty Global comprises approximately 0.8% of Transmarket Holdings LP's investment portfolio, making the stock its 27th biggest position.

A number of other large investors also recently modified their holdings of LBTYK. Rubric Capital Management LP lifted its position in Liberty Global by 51.3% in the 1st quarter. Rubric Capital Management LP now owns 9,259,361 shares of the company's stock worth $108,612,000 after buying an additional 3,137,779 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Global by 3.1% during 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. ACR Alpine Capital Research LLC raised its stake in shares of 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. Envestnet Asset Management Inc. raised its stake in shares of Liberty Global by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,707,586 shares of the company's stock worth $40,783,000 after acquiring an additional 127,220 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in shares of Liberty Global by 0.9% during the first quarter. Gabelli Funds LLC now owns 1,069,264 shares of the company's stock worth $12,542,000 after acquiring an additional 10,000 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Trading Down 2.3%

Shares of LBTYK stock opened at $7.57 on Thursday. The business has a 50-day moving average of $9.29 and a 200 day moving average of $10.76. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global Ltd has a 1-year low of $7.32 and a 1-year high of $13.12. The stock has a market capitalization of $2.58 billion, a PE ratio of -0.84 and a beta of 0.94.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LBTYK shares. Weiss Ratings upgraded shares of Liberty Global from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 16th. Wall Street Zen lowered shares of Liberty Global from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Liberty Global presently has an average rating of "Sell".

Liberty Global Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and fixed-line communications services. Through its operating businesses and strategic investments, the company serves residential customers, businesses and public-sector organizations with connectivity, entertainment and communications solutions.

Liberty Global's principal operating interests include Virgin Media O2, its joint venture with Telefónica in the United Kingdom; Sunrise in Switzerland; and Telenet in Belgium.

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