Lancaster Investment Management Acquires Shares of 117,217 Liberty Global Ltd. (NASDAQ:LBTYK)

Lancaster Investment Management purchased a new position in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 117,217 shares of the company's stock, valued at approximately $2,185,000. Liberty Global accounts for 1.1% of Lancaster Investment Management's investment portfolio, making the stock its 7th largest position.

A number of other hedge funds also recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Liberty Global by 32.2% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 115,527 shares of the company's stock valued at $2,144,000 after buying an additional 28,167 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Liberty Global by 179.2% in the third quarter. Mackenzie Financial Corp now owns 884,793 shares of the company's stock valued at $15,634,000 after buying an additional 567,880 shares in the last quarter. Northern Trust Corp boosted its stake in Liberty Global by 8.5% in the third quarter. Northern Trust Corp now owns 1,307,407 shares of the company's stock valued at $24,265,000 after buying an additional 102,038 shares in the last quarter. IFM Investors Pty Ltd acquired a new stake in Liberty Global in the fourth quarter valued at about $1,030,000. Finally, ACR Alpine Capital Research LLC boosted its stake in Liberty Global by 1.6% in the third quarter. ACR Alpine Capital Research LLC now owns 10,620,709 shares of the company's stock valued at $197,120,000 after buying an additional 164,880 shares in the last quarter. Institutional investors own 46.10% of the company's stock.

Insider Activity

In related news, Director Paul A. Gould sold 50,000 shares of Liberty Global stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $19.79, for a total transaction of $989,500.00. Following the transaction, the director now owns 949,059 shares of the company's stock, valued at $18,781,877.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Liberty Global news, Director Paul A. Gould sold 50,000 shares of the business'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 transaction, the director now owns 949,059 shares of the company's stock, valued at $18,781,877.61. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the business'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 transaction, 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. Insiders sold a total of 133,629 shares of company stock worth $2,515,783 over the last quarter. 9.86% of the stock is currently owned by corporate insiders.

Liberty Global Trading Up 1.8 %

LBTYK stock traded up $0.31 during mid-day trading on Tuesday, reaching $17.98. The company's stock had a trading volume of 1,303,505 shares, compared to its average volume of 1,713,969. The company has a market cap of $6.79 billion, a price-to-earnings ratio of -1.92 and a beta of 1.13. The business's 50 day moving average price is $18.63 and its 200 day moving average price is $18.23. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. Liberty Global Ltd. has a 12 month low of $16.26 and a 12 month high of $21.83.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported ($8.23) EPS for the quarter, missing the consensus estimate of ($0.26) by ($7.97). The firm had revenue of $1.92 billion for the quarter. Liberty Global had a negative net margin of 54.08% and a negative return on equity of 19.26%.

Analysts Set New Price Targets

A number of brokerages have recently commented on LBTYK. StockNews.com lowered Liberty Global from a "hold" rating to a "sell" rating in a research note on Tuesday, March 5th. TheStreet raised Liberty Global from a "d+" rating to a "c-" rating in a research note on Wednesday, January 24th.

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.