Zurcher Kantonalbank Zurich Cantonalbank Sells 27,828 Shares of Liberty Global Ltd (NASDAQ:LBTYK)

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Liberty Global Ltd by 43.5% in Q1 2023, now holding 36,082 shares worth $432,000 after selling 27,828 shares.
• Liberty Global reported a loss of ($8.09) earnings per share for the most recent quarter, missing the consensus estimate significantly, although revenue of $1.27 billion exceeded analyst expectations.
• Institutional investors currently own 46.10% of Liberty Global stock, with notable increases in stakes by firms like Dimensional Fund Advisors and Northern Trust Corp during the recent quarters.

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,082 shares of the company's stock after selling 27,828 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Liberty Global were worth $432,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LBTYK. State of Wyoming bought a new stake in shares of Liberty Global during the 4th quarter valued at $33,000. Parallel Advisors LLC increased its position in shares of Liberty Global by 26.2% during the 1st quarter. Parallel Advisors LLC now owns 5,107 shares of the company's stock valued at $61,000 after purchasing an additional 1,059 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Liberty Global by 1,176.4% during the 1st quarter. GAMMA Investing LLC now owns 6,548 shares of the company's stock valued at $78,000 after purchasing an additional 6,035 shares during the last quarter. CWM LLC increased its stake in Liberty Global by 19.1% in the 1st quarter. CWM LLC now owns 7,190 shares of the company's stock worth $86,000 after purchasing an additional 1,155 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Liberty Global by 25.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,465 shares of the company's stock worth $111,000 after purchasing an additional 1,699 shares during the period. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Stock Up 1.3%

NASDAQ:LBTYK traded up $0.15 during trading hours on Tuesday, reaching $11.25. 162,185 shares of the company traded hands, compared to its average volume of 1,374,788. The stock has a market capitalization of $3.83 billion, a P/E ratio of -1.15 and a beta of 1.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14. The business's 50-day moving average price is $10.31 and its two-hundred day moving average price is $10.87.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts' consensus estimates of ($0.44) by ($7.65). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.22 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.

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.