Ameriprise Financial Inc. Reduces Stock Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Ameriprise Financial Inc. decreased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 43.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,242,482 shares of the company's stock after selling 2,511,045 shares during the period. 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.

Several other hedge funds and other institutional investors have also made changes to their positions in LBTYK. Franklin Resources Inc. boosted its stake in shares of Liberty Global by 1,092.4% during the third quarter. Franklin Resources Inc. now owns 88,547 shares of the company's stock valued at $1,874,000 after purchasing an additional 81,121 shares during the period. JPMorgan Chase & Co. boosted its position in 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 buying an additional 88,975 shares during the period. RMR Wealth Builders bought a new position in Liberty Global in the 4th quarter worth about $223,000. MassMutual Private Wealth & Trust FSB bought a new position in Liberty Global in the 4th quarter worth about $66,000. Finally, Perpetual Ltd increased its position in shares of Liberty Global by 12.9% during the fourth quarter. Perpetual Ltd now owns 381,713 shares of the company's stock worth $5,016,000 after acquiring an additional 43,678 shares during the period. Hedge funds and other institutional investors own 46.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Liberty Global in a report on Friday, January 17th. They set a "hold" rating on the stock.

Liberty Global Stock Down 1.4%

Shares of LBTYK stock traded down $0.13 on Tuesday, hitting $9.32. The stock had a trading volume of 1,313,048 shares, compared to its average volume of 1,731,100. 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 Ltd. has a one year low of $9.21 and a one year high of $22.14. The business has a 50 day moving average price of $11.24 and a 200 day moving average price of $12.79. The company has a market cap of $3.25 billion, a PE ratio of 2.22 and a beta of 1.18.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last announced 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.

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.