Marshall Wace LLP trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 65.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,111 shares of the company's stock after selling 254,471 shares during the period. Marshall Wace LLP's holdings in Liberty Global were worth $1,802,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new stake in Liberty Global in the fourth quarter worth $28,000. US Bancorp DE raised its stake in Liberty Global by 40.3% in the fourth quarter. US Bancorp DE now owns 3,032 shares of the company's stock valued at $40,000 after buying an additional 871 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Liberty Global during the 4th quarter worth approximately $63,000. MassMutual Private Wealth & Trust FSB purchased a new position in Liberty Global in the 4th quarter worth $66,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Liberty Global during the fourth quarter worth $86,000. 46.10% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on Liberty Global in a report on Friday, January 17th. They set a "hold" rating on the stock.
Check Out Our Latest Research Report on Liberty Global
Liberty Global Trading Down 11.7 %
Liberty Global stock traded down $1.33 during midday trading on Friday, reaching $10.05. 1,001,432 shares of the stock traded hands, compared to its average volume of 1,763,569. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.50 billion, a PE ratio of 2.39 and a beta of 1.19. The company has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $13.48. Liberty Global Ltd. has a 12-month low of $9.67 and a 12-month high of $22.14.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.86) by $7.19. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.
About Liberty Global
(
Free Report)
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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