Gabelli Funds LLC Reduces Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Gabelli Funds LLC cut its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 2.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,967,414 shares of the company’s stock after selling 58,000 shares during the period. Gabelli Funds LLC owned approximately 0.53% of Liberty Global worth $35,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Liberty Global by 151.6% during 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 in the last quarter. Rubric Capital Management LP purchased a new position in Liberty Global in the 4th quarter valued at about $34,537,000. AMF Tjanstepension AB purchased a new stake in shares of Liberty Global during the first quarter worth about $20,872,000. Goldman Sachs Group Inc. lifted its stake in shares of Liberty Global by 38.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock worth $39,870,000 after acquiring an additional 592,653 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Liberty Global by 18.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock valued at $52,303,000 after purchasing an additional 447,135 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Trading Down 0.4 %

NASDAQ:LBTYK opened at $21.13 on Friday. The company has a market cap of $7.88 billion, a PE ratio of -3.27 and a beta of 1.13. The business’s 50 day moving average is $19.77 and its two-hundred day moving average is $18.34. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 52 week low of $16.03 and a 52 week high of $21.83.

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

Analyst Upgrades and Downgrades

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

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.