Liberty Global Ltd (NASDAQ:LBTYK) Stake Reduced by Zurcher Kantonalbank Zurich Cantonalbank

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 stake in shares of Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 43.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Liberty Global by 14.4% during 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 last quarter. Oppenheimer Asset Management Inc. boosted its position in Liberty Global by 1.4% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company's stock worth $42,293,000 after acquiring an additional 48,716 shares during the period. Envestnet Asset Management Inc. boosted its position in Liberty Global by 1.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company's stock worth $40,611,000 after acquiring an additional 47,748 shares during the period. Renaissance Technologies LLC boosted its position in Liberty Global by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,878,800 shares of the company's stock worth $24,687,000 after acquiring an additional 84,100 shares during the period. Finally, Northern Trust Corp boosted its position in Liberty Global by 14.9% during the 4th quarter. Northern Trust Corp now owns 975,386 shares of the company's stock worth $12,817,000 after acquiring an additional 126,725 shares during the period. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Trading Down 1.3%

Shares of LBTYK stock opened at $11.08 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.95 and a current ratio of 1.02. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14. The stock has a fifty day moving average of $10.26 and a two-hundred day moving average of $10.90. The firm has a market capitalization of $3.86 billion, a PE ratio of -1.13 and a beta of 1.08.

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

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.

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