Panagora Asset Management Inc. Takes Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Panagora Asset Management Inc. acquired a new position in Liberty Global Ltd. (NASDAQ:LBTYKFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 178,432 shares of the company’s stock, valued at approximately $3,326,000.

Several other hedge funds also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Global by 62.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,122,777 shares of the company’s stock worth $57,959,000 after buying an additional 1,195,569 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in Liberty Global by 78.8% during the third quarter. Envestnet Asset Management Inc. now owns 2,076,121 shares of the company’s stock valued at $38,533,000 after purchasing an additional 914,844 shares during the period. ACR Alpine Capital Research LLC increased its stake in Liberty Global by 1.6% in the third 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 in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Liberty Global in the fourth quarter worth $2,880,000. Finally, Artisan Partners Limited Partnership boosted its position in shares of Liberty Global by 1.5% during the third quarter. Artisan Partners Limited Partnership now owns 8,333,484 shares of the company’s stock worth $154,669,000 after purchasing an additional 120,803 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

Insider Activity at Liberty Global

In related news, CAO Jason Waldron sold 11,226 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $19.29, for a total value of $216,549.54. Following the completion of the sale, the chief accounting officer now directly owns 70,666 shares in the company, valued at $1,363,147.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director J David Wargo sold 30,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares in the company, valued at $2,769,615.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jason Waldron sold 11,226 shares of the business’s 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 completion of the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. Insiders sold a total of 113,629 shares of company stock worth $2,046,783 in the last quarter. 9.86% of the stock is owned by insiders.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $18.06 on Monday. The company’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $18.15. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.28 and a quick ratio of 1.28. Liberty Global Ltd. has a 1 year low of $16.26 and a 1 year high of $21.83.

Liberty Global (NASDAQ:LBTYKGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share (EPS) for the quarter. The firm had revenue of $1.95 billion for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LBTYK. TheStreet raised shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Wednesday, January 24th. StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Monday, May 13th.

Get Our Latest Stock Analysis on Liberty Global

About Liberty Global

(Free Report)

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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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

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