Mackenzie Financial Corp Lowers Holdings in Liberty Global Ltd. (NASDAQ:LBTYA)

Mackenzie Financial Corp trimmed its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 48.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,357 shares of the company's stock after selling 66,171 shares during the quarter. Mackenzie Financial Corp's holdings in Liberty Global were worth $1,250,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in shares of Liberty Global by 4.2% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 25,000 shares of the company's stock worth $428,000 after acquiring an additional 1,000 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 148.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company's stock valued at $39,000 after buying an additional 1,357 shares during the last quarter. Pathstone Family Office LLC boosted its holdings in shares of Liberty Global by 21.0% in the 3rd quarter. Pathstone Family Office LLC now owns 43,548 shares of the company's stock valued at $746,000 after buying an additional 7,565 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in shares of Liberty Global in the 4th quarter valued at approximately $141,000. Finally, S&CO Inc. boosted its holdings in shares of Liberty Global by 3.6% in the 3rd quarter. S&CO Inc. now owns 264,447 shares of the company's stock valued at $4,527,000 after buying an additional 9,185 shares during the last quarter. 37.20% of the stock is owned by institutional investors.

Liberty Global Trading Down 0.6 %

Shares of Liberty Global stock traded down $0.10 during midday trading on Thursday, reaching $16.15. The company had a trading volume of 1,887,477 shares, compared to its average volume of 1,559,836. The stock has a fifty day moving average price of $17.11 and a 200 day moving average price of $17.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $6.10 billion, a PE ratio of -1.72 and a beta of 1.18. Liberty Global Ltd. has a fifty-two week low of $15.01 and a fifty-two week high of $20.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($7.88). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group cut their price target on Liberty Global from $23.00 to $22.50 and set a "buy" rating for the company in a report on Monday, February 26th. Barclays raised their price target on Liberty Global from $22.00 to $23.00 and gave the company an "equal weight" rating in a report on Friday, January 12th. Citigroup raised Liberty Global from a "neutral" rating to a "buy" rating and raised their price target for the company from $20.00 to $24.00 in a report on Friday, February 9th. Bank of America downgraded Liberty Global from a "neutral" rating to an "underperform" rating in a report on Friday, February 23rd. Finally, TheStreet raised Liberty Global from a "d+" rating to a "c-" rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Liberty Global presently has an average rating of "Hold" and an average price target of $26.36.

Insider Buying and Selling

In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares of the company's stock, valued at approximately $1,363,147.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Liberty Global news, Director J David Wargo sold 30,000 shares of the firm's stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the sale, the director now owns 159,632 shares of the company's stock, valued at approximately $2,769,615.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jason Waldron sold 11,226 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,629 shares of company stock valued at $2,046,783. Corporate insiders own 11.51% of the company's stock.

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.