Algert Global LLC Acquires Shares of 17,330 Liberty Global Ltd. (NASDAQ:LBTYK)

Algert Global LLC bought a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,330 shares of the company’s stock, valued at approximately $309,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators lifted its stake in shares of Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after acquiring an additional 754 shares during the period. V Square Quantitative Management LLC lifted its position in Liberty Global by 64.4% in the fourth quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock valued at $48,000 after purchasing an additional 999 shares during the period. Rothschild Investment LLC purchased a new stake in Liberty Global in the 2nd quarter valued at approximately $71,000. Headlands Technologies LLC increased its position in Liberty Global by 173.3% during the 1st quarter. Headlands Technologies LLC now owns 5,982 shares of the company’s stock worth $106,000 after purchasing an additional 3,793 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Liberty Global by 217.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company’s stock worth $130,000 after buying an additional 5,037 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Liberty Global Stock Performance

NASDAQ:LBTYK opened at $21.66 on Wednesday. The firm’s fifty day simple moving average is $20.27 and its 200-day simple moving average is $18.64. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. The stock has a market cap of $8.07 billion, a PE ratio of -3.33 and a beta of 1.13. Liberty Global Ltd. has a fifty-two week low of $16.03 and a fifty-two week high of $22.14.

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