Gabelli Funds LLC Has $17.16 Million Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Gabelli Funds LLC trimmed its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 32.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,306,264 shares of the company's stock after selling 630,600 shares during the period. Gabelli Funds LLC owned about 0.37% of Liberty Global worth $17,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company's stock worth $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Global in the third quarter valued at $15,636,000. JPMorgan Chase & Co. grew its position in shares of Liberty Global by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company's stock valued at $7,554,000 after acquiring an additional 88,975 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Liberty Global by 22.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company's stock valued at $7,377,000 after purchasing an additional 102,429 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Liberty Global in the 3rd quarter valued at about $1,551,000. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of LBTYK traded down $0.25 during midday trading on Monday, reaching $10.80. 146,273 shares of the stock were exchanged, compared to its average volume of 1,805,656. Liberty Global Ltd. has a twelve month low of $10.18 and a twelve month high of $22.14. The company has a market cap of $3.77 billion, a P/E ratio of 2.58 and a beta of 1.19. The stock's 50 day simple moving average is $11.64 and its 200 day simple moving average is $14.01. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.86) by $7.19. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Liberty Global in a research report on Friday, January 17th. They issued a "hold" rating for the company.

Liberty Global 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.