Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Private Management Group Inc.

Private Management Group Inc. reduced its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 44.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,565 shares of the company’s stock after selling 482,335 shares during the quarter. Private Management Group Inc.’s holdings in Liberty Global were worth $11,176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in Liberty Global by 100.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 291,438 shares of the company’s stock worth $5,409,000 after purchasing an additional 145,719 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Liberty Global by 65.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 185,853 shares of the company’s stock worth $3,449,000 after purchasing an additional 73,700 shares during the last quarter. Brown Advisory Inc. purchased a new position in Liberty Global during the 3rd quarter worth $245,000. Keating Investment Counselors Inc. grew its position in Liberty Global by 12.4% during the 3rd quarter. Keating Investment Counselors Inc. now owns 517,176 shares of the company’s stock worth $9,599,000 after purchasing an additional 57,181 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Liberty Global by 47.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 426,380 shares of the company’s stock worth $7,914,000 after purchasing an additional 137,961 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK traded down $0.52 during midday trading on Wednesday, hitting $16.76. The stock had a trading volume of 1,994,729 shares, compared to its average volume of 1,713,093. The stock has a 50 day moving average price of $17.99 and a two-hundred day moving average price of $18.18. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. Liberty Global Ltd. has a 1 year low of $16.26 and a 1 year high of $21.83.

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

Analyst Upgrades and Downgrades

LBTYK has been the topic of several research reports. StockNews.com downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a report on Wednesday, January 24th.

Insider Activity

In related news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction dated 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 $1,363,147.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Bryan H. Hall sold 15,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $18.68, for a total transaction of $280,200.00. Following the sale, the executive vice president now owns 129,934 shares of the company’s stock, valued at $2,427,167.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following 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. Insiders have sold a total of 113,629 shares of company stock valued at $2,046,783 over the last quarter. Corporate insiders own 9.86% of the company’s stock.

Liberty Global 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.