MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 154,481 shares of the company's stock, valued at approximately $2,880,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Harbor Asset Management LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $883,000. IFM Investors Pty Ltd bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $1,030,000. DNB Asset Management AS bought a new stake in shares of Liberty Global in the 4th quarter valued at approximately $759,000. VisionPoint Advisory Group LLC lifted its stake in shares of Liberty Global by 24.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 169,402 shares of the company's stock valued at $3,144,000 after purchasing an additional 33,217 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Liberty Global by 2.1% in the 3rd quarter. American Century Companies Inc. now owns 71,281 shares of the company's stock valued at $1,323,000 after purchasing an additional 1,494 shares during the last quarter. 46.10% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Paul A. Gould sold 50,000 shares of the firm's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $19.79, for a total value of $989,500.00. Following the completion of the sale, the director now owns 949,059 shares of the company's stock, valued at approximately $18,781,877.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Jason Waldron sold 11,226 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was 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 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul A. Gould sold 50,000 shares of the firm's stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $19.79, for a total value of $989,500.00. Following the completion of the sale, the director now directly owns 949,059 shares of the company's stock, valued at approximately $18,781,877.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,226 shares of company stock worth $1,942,250. 9.86% of the stock is currently owned by company insiders.
Liberty Global Trading Down 0.2 %
LBTYK traded down $0.03 during trading on Friday, hitting $17.64. 1,721,718 shares of the stock were exchanged, compared to its average volume of 1,738,201. The firm has a 50 day simple moving average of $19.12 and a 200 day simple moving average of $18.36. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of -1.88 and a beta of 1.13. Liberty Global Ltd. has a 1 year low of $16.26 and a 1 year high of $21.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.
Liberty Global (NASDAQ:LBTYK - 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 analysts' consensus estimates of ($0.26) by ($7.97). Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%. The company had revenue of $1.92 billion during the quarter.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. TheStreet raised Liberty Global from a "d+" rating to a "c-" rating in a research note on Wednesday, January 24th. StockNews.com downgraded Liberty Global from a "hold" rating to a "sell" rating in a report on Tuesday, March 5th.
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About Liberty Global
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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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