Corient Private Wealth LLC lowered its position in Liberty Global Ltd. (NASDAQ:LBTYK – Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,901 shares of the company’s stock after selling 3,009 shares during the period. Corient Private Wealth LLC’s holdings in Liberty Global were worth $459,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of LBTYK. BNP Paribas Financial Markets lifted its holdings in shares of Liberty Global by 26.6% in the third quarter. BNP Paribas Financial Markets now owns 324,683 shares of the company’s stock valued at $7,016,000 after purchasing an additional 68,267 shares in the last quarter. Vinva Investment Management Ltd acquired a new position in shares of Liberty Global during the 3rd quarter worth approximately $315,000. Rockefeller Capital Management L.P. lifted its stake in Liberty Global by 10.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,518 shares of the company’s stock valued at $465,000 after buying an additional 1,959 shares in the last quarter. Verition Fund Management LLC grew its holdings in Liberty Global by 74.0% during the 3rd quarter. Verition Fund Management LLC now owns 67,156 shares of the company’s stock valued at $1,451,000 after buying an additional 28,555 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Liberty Global during the third quarter worth $260,000. 46.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating for the company.
Liberty Global Stock Down 2.2 %
LBTYK opened at $11.94 on Friday. The company has a market cap of $4.16 billion, a PE ratio of 2.85 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. Liberty Global Ltd. has a 1 year low of $10.83 and a 1 year high of $22.14. The firm has a 50 day moving average price of $11.90 and a 200 day moving average price of $15.22.
Liberty Global (NASDAQ:LBTYK – Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.86) by $7.19. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.
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.
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