California Public Employees Retirement System Cuts Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

California Public Employees Retirement System lessened its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,693,054 shares of the company's stock after selling 96,520 shares during the period. California Public Employees Retirement System owned approximately 0.43% of Liberty Global worth $31,559,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBTYK. Charles Schwab Investment Management Inc. raised its stake in Liberty Global by 62.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,122,777 shares of the company's stock worth $57,959,000 after acquiring an additional 1,195,569 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Liberty Global by 78.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,076,121 shares of the company's stock worth $38,533,000 after purchasing an additional 914,844 shares during the period. Mackenzie Financial Corp grew its position in Liberty Global by 179.2% during the 3rd quarter. Mackenzie Financial Corp now owns 884,793 shares of the company's stock worth $15,634,000 after purchasing an additional 567,880 shares during the period. ACR Alpine Capital Research LLC grew its position in Liberty Global by 1.6% during the 3rd quarter. ACR Alpine Capital Research LLC now owns 10,620,709 shares of the company's stock worth $197,120,000 after purchasing an additional 164,880 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Liberty Global during the 4th quarter worth about $2,880,000. Hedge funds and other institutional investors own 46.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. StockNews.com cut Liberty Global from a "hold" rating to a "sell" rating in a research report on Tuesday, March 5th. TheStreet upgraded Liberty Global from a "d+" rating to a "c-" rating in a research report on Wednesday, January 24th.

Liberty Global Price Performance

LBTYK traded up $0.18 during trading on Friday, reaching $16.85. The company's stock had a trading volume of 1,781,125 shares, compared to its average volume of 1,541,472. 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 firm has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $18.16. Liberty Global Ltd. has a 1 year low of $16.26 and a 1 year high of $21.83. The company has a market cap of $6.36 billion, a price-to-earnings ratio of -1.80 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($7.97). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The business had revenue of $1.92 billion during the quarter.

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 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 filing with the SEC, which can be accessed through this link. In related news, EVP Bryan H. Hall sold 25,000 shares of Liberty Global stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the completion of the sale, the executive vice president now owns 144,934 shares in the company, valued at approximately $2,643,596.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the chief accounting officer now owns 70,666 shares of the company's stock, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,629 shares of company stock valued at $2,046,783. 9.86% of the stock is currently owned by company insiders.

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.