Private Management Group Inc. Sells 482,335 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Private Management Group Inc. cut its holdings in Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 44.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 599,565 shares of the company's stock after selling 482,335 shares during the period. Private Management Group Inc. owned about 0.15% of Liberty Global worth $11,176,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Prudential PLC raised its stake in shares of Liberty Global by 1,417.3% in the third quarter. Prudential PLC now owns 10,530 shares of the company's stock valued at $195,000 after acquiring an additional 9,836 shares during the period. Advisor Partners II LLC bought a new stake in shares of Liberty Global during the 3rd quarter worth approximately $223,000. Brown Advisory Inc. purchased a new stake in Liberty Global in the third quarter worth $245,000. Hsbc Holdings PLC lifted its position in shares of Liberty Global by 35.4% during the third quarter. Hsbc Holdings PLC now owns 14,794 shares of the company's stock worth $274,000 after purchasing an additional 3,869 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Liberty Global during the fourth quarter valued at $285,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the transaction, the chief accounting officer now directly 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 available through the SEC website. In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at $1,363,147.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of Liberty Global stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the sale, the executive vice president now directly owns 102,286 shares in the company, valued at approximately $1,810,462.20. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock valued at $2,046,783 in the last quarter. 9.86% of the stock is currently owned by company insiders.

Liberty Global Stock Performance

Shares of LBTYK traded down $0.52 during trading hours on Wednesday, reaching $16.76. 1,994,729 shares of the company traded hands, compared to its average volume of 1,718,490. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average price of $17.93 and a 200-day moving average price of $18.17. Liberty Global Ltd. has a 12-month low of $16.26 and a 12-month high of $21.83. The stock has a market capitalization of $6.33 billion, a P/E ratio of -1.79 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last issued its earnings results on Thursday, February 15th. The company reported ($8.23) 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 firm had revenue of $1.92 billion during the quarter.

Wall Street Analyst Weigh In

Several research analysts have commented on LBTYK shares. StockNews.com downgraded Liberty Global from a "hold" rating to a "sell" rating in a report on Tuesday, March 5th. TheStreet raised shares of Liberty Global from a "d+" rating to a "c-" rating in a research report on Wednesday, January 24th.

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.