Rubric Capital Management LP Purchases 1,617,711 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Rubric Capital Management LP increased its position in Liberty Global Ltd. (NASDAQ:LBTYK) by 85.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,511,004 shares of the company’s stock after buying an additional 1,617,711 shares during the quarter. Liberty Global accounts for 1.6% of Rubric Capital Management LP’s portfolio, making the stock its 23rd largest position. Rubric Capital Management LP owned about 0.94% of Liberty Global worth $62,671,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Seven Eight Capital LP increased its stake in Liberty Global by 90.6% in the 2nd quarter. Seven Eight Capital LP now owns 101,446 shares of the company’s stock worth $1,811,000 after purchasing an additional 48,213 shares during the period. Amalgamated Bank purchased a new position in shares of Liberty Global during the second quarter valued at approximately $541,000. Renaissance Technologies LLC increased its stake in shares of Liberty Global by 6.9% during the second quarter. Renaissance Technologies LLC now owns 1,609,200 shares of the company’s stock valued at $28,724,000 after buying an additional 104,000 shares during the period. Quantbot Technologies LP increased its stake in shares of Liberty Global by 28.6% during the second quarter. Quantbot Technologies LP now owns 264,001 shares of the company’s stock valued at $4,712,000 after buying an additional 58,703 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after purchasing an additional 2,219,823 shares during the period. Institutional investors own 46.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th.

Liberty Global Trading Down 0.4 %

Liberty Global stock opened at $21.13 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The business’s fifty day simple moving average is $19.77 and its two-hundred day simple moving average is $18.34. Liberty Global Ltd. has a 12 month low of $16.03 and a 12 month high of $21.83. The company has a market capitalization of $7.88 billion, a price-to-earnings ratio of -3.27 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%.

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.