Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 8.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 38,027 shares of the company’s stock after selling 3,309 shares during the period. Victory Capital Management Inc.’s holdings in Liberty Global were worth $500,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LBTYK. BNP Paribas Financial Markets lifted its stake in Liberty Global by 26.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 324,683 shares of the company’s stock worth $7,016,000 after acquiring an additional 68,267 shares in the last quarter. Rubric Capital Management LP raised its position in Liberty Global by 0.3% in the 3rd quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after purchasing an additional 11,424 shares in the last quarter. Vinva Investment Management Ltd acquired a new stake in Liberty Global in the 3rd quarter valued at about $315,000. Rockefeller Capital Management L.P. raised its position in Liberty Global by 10.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 21,518 shares of the company’s stock valued at $465,000 after purchasing an additional 1,959 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in Liberty Global by 74.0% in the 3rd quarter. Verition Fund Management LLC now owns 67,156 shares of the company’s stock valued at $1,451,000 after purchasing an additional 28,555 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating on the stock.

Liberty Global Price Performance

LBTYK stock opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The firm has a market capitalization of $4.24 billion, a P/E ratio of 2.90 and a beta of 1.22. The business’s 50-day moving average is $11.89 and its two-hundred day moving average is $15.54. Liberty Global Ltd. has a 1 year low of $10.83 and a 1 year high of $22.14.

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

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.