Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 40.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 530,589 shares of the company’s stock after selling 354,204 shares during the quarter. Mackenzie Financial Corp owned approximately 0.13% of Liberty Global worth $9,890,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of Liberty Global by 4.9% in the 1st quarter. BlackRock Inc. now owns 14,445,805 shares of the company’s stock valued at $374,293,000 after purchasing an additional 675,496 shares during the last quarter. ACR Alpine Capital Research LLC boosted its holdings in shares of Liberty Global by 1.6% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 10,620,709 shares of the company’s stock valued at $197,120,000 after purchasing an additional 164,880 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Liberty Global by 1.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 8,333,484 shares of the company’s stock valued at $154,669,000 after acquiring an additional 120,803 shares during the period. MFN Partners Management LP raised its stake in shares of Liberty Global by 8.1% in the 1st quarter. MFN Partners Management LP now owns 6,706,460 shares of the company’s stock valued at $173,764,000 after acquiring an additional 500,000 shares during the period. Finally, State Street Corp raised its stake in shares of Liberty Global by 1.4% in the 1st quarter. State Street Corp now owns 5,670,313 shares of the company’s stock valued at $146,918,000 after acquiring an additional 79,313 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Wednesday, January 24th. StockNews.com downgraded shares of Liberty Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th.

Insider Buying and Selling

In related news, CAO Jason Waldron sold 11,226 shares of Liberty Global stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the sale, the chief accounting officer now owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Bryan H. Hall sold 25,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $18.24, for a total value of $456,000.00. Following the completion of the sale, the executive vice president now owns 144,934 shares of the company’s stock, valued at approximately $2,643,596.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders have sold 113,629 shares of company stock valued at $2,046,783 in the last quarter. Company insiders own 9.86% of the company’s stock.

Liberty Global Trading Up 1.2 %

Liberty Global stock opened at $17.39 on Friday. Liberty Global Ltd. has a 12-month low of $16.26 and a 12-month high of $21.83. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. The firm’s fifty day moving average price is $18.11 and its 200 day moving average price is $18.18.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($7.97). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The firm had revenue of $1.92 billion for the quarter.

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.