Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Weitz Investment Management Inc.

Weitz Investment Management Inc. decreased its position in Liberty Global Ltd. (NASDAQ:LBTYK) by 41.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 792,933 shares of the company’s stock after selling 553,567 shares during the period. Weitz Investment Management Inc. owned about 0.22% of Liberty Global worth $10,419,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LBTYK. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Global in the third quarter valued at $15,636,000. American Century Companies Inc. increased its holdings in shares of Liberty Global by 7,017.5% in the 4th quarter. American Century Companies Inc. now owns 700,362 shares of the company’s stock valued at $9,203,000 after purchasing an additional 690,522 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Liberty Global by 18.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 3,484,494 shares of the company’s stock worth $45,786,000 after buying an additional 553,947 shares in the last quarter. Candriam S.C.A. boosted its holdings in Liberty Global by 92.9% during the fourth quarter. Candriam S.C.A. now owns 1,122,072 shares of the company’s stock worth $14,744,000 after buying an additional 540,486 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in Liberty Global by 276.2% in the fourth quarter. Trexquant Investment LP now owns 333,750 shares of the company’s stock valued at $4,385,000 after buying an additional 245,040 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Liberty Global Trading Down 0.5 %

Shares of LBTYK stock opened at $11.91 on Wednesday. The stock has a market cap of $4.15 billion, a P/E ratio of 2.84 and a beta of 1.22. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a fifty-two week low of $10.83 and a fifty-two week high of $22.14. The business has a fifty day simple moving average of $11.89 and a 200-day simple moving average of $15.07.

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

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.