Liberty Global Ltd. (NASDAQ:LBTYK) Stake Reduced by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 19.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,215 shares of the company’s stock after selling 2,439 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Liberty Global were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Liberty Global by 38.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock worth $39,870,000 after buying an additional 592,653 shares during the period. V Square Quantitative Management LLC boosted its position in Liberty Global by 64.4% during the 4th quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock worth $48,000 after acquiring an additional 999 shares during the period. Ossiam grew its stake in shares of Liberty Global by 11.5% in the fourth quarter. Ossiam now owns 44,568 shares of the company’s stock worth $831,000 after purchasing an additional 4,600 shares in the last quarter. Rubric Capital Management LP acquired a new position in shares of Liberty Global during the fourth quarter valued at $34,537,000. Finally, Sprinkle Financial Consultants LLC bought a new stake in shares of Liberty Global during the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

Insider Transactions at Liberty Global

In other news, Director J David Wargo sold 30,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now owns 159,632 shares in the company, valued at approximately $2,769,615.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.86% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Monday, June 24th.

Liberty Global Stock Performance

Shares of NASDAQ LBTYK opened at $18.22 on Wednesday. Liberty Global Ltd. has a 1 year low of $16.03 and a 1 year high of $21.83. The firm has a market cap of $6.79 billion, a P/E ratio of -2.82 and a beta of 1.12. The stock has a fifty day moving average price of $17.43 and a two-hundred day moving average price of $18.27. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. The business had revenue of $1.95 billion during the quarter.

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.