Ameriprise Financial Inc. Sells 2,511,045 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Ameriprise Financial Inc. lessened its position in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 43.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,242,482 shares of the company's stock after selling 2,511,045 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.91% of Liberty Global worth $42,605,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LBTYK. JPMorgan Chase & Co. raised its stake in Liberty Global by 34.1% during the third quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company's stock valued at $7,554,000 after buying an additional 88,975 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Liberty Global by 14.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company's stock valued at $82,852,000 after buying an additional 796,034 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Liberty Global by 22.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company's stock valued at $7,377,000 after buying an additional 102,429 shares during the last quarter. ABC Arbitrage SA purchased a new position in Liberty Global during the fourth quarter valued at $1,803,000. Finally, Oppenheimer Asset Management Inc. raised its stake in Liberty Global by 18.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,484,494 shares of the company's stock valued at $45,786,000 after buying an additional 553,947 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.

Liberty Global Stock Down 1.4%

Shares of LBTYK stock traded down $0.15 during mid-day trading on Friday, hitting $10.12. The company's stock had a trading volume of 212,607 shares, compared to its average volume of 1,720,569. Liberty Global Ltd. has a 52-week low of $9.21 and a 52-week high of $22.14. The business has a 50-day moving average price of $11.11 and a 200 day moving average price of $12.67. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 2.41 and a beta of 1.18.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($3.13). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.08 billion.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Global in a research note on Friday, January 17th. They set 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.