Rhumbline Advisers Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Rhumbline Advisers trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,296 shares of the company’s stock after selling 4,444 shares during the period. Rhumbline Advisers’ holdings in Liberty Global were worth $2,093,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased a new stake in Liberty Global in the fourth quarter worth $1,803,000. Asset Management One Co. Ltd. lifted its holdings in Liberty Global by 46.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 34,510 shares of the company’s stock valued at $446,000 after buying an additional 10,937 shares in the last quarter. Empowered Funds LLC lifted its holdings in Liberty Global by 2.5% during the 4th quarter. Empowered Funds LLC now owns 184,854 shares of the company’s stock valued at $2,429,000 after buying an additional 4,514 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in Liberty Global by 22.7% during the 4th quarter. DAVENPORT & Co LLC now owns 123,000 shares of the company’s stock valued at $1,616,000 after buying an additional 22,715 shares in the last quarter. Finally, R Squared Ltd bought a new position in Liberty Global in the 4th quarter worth about $28,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Liberty Global

In other news, major shareholder Nicholas V. Tompras sold 57,000 shares of the business’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now directly owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. The trade was a 77.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 9.86% of the company’s stock.

Liberty Global Price Performance

Shares of LBTYK stock opened at $12.07 on Tuesday. Liberty Global Ltd. has a twelve month low of $10.83 and a twelve month high of $22.14. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $12.14 and a two-hundred day simple moving average of $16.22. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 2.88 and a beta of 1.19.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.86) by $7.19. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Global in a report on Friday, January 17th. They issued a “hold” rating for the company.

About Liberty Global

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.