Liberty Global Ltd $LBTYK Shares Sold by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC lessened its position in Liberty Global Ltd (NASDAQ:LBTYK) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,188,227 shares of the company’s stock after selling 115,696 shares during the period. Liberty Global makes up 1.3% of ACR Alpine Capital Research LLC’s holdings, making the stock its 17th largest position. ACR Alpine Capital Research LLC’s holdings in Liberty Global were worth $74,111,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. lifted its holdings in Liberty Global by 56.3% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 655,534 shares of the company’s stock valued at $7,847,000 after acquiring an additional 236,017 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Liberty Global by 68.9% during the first quarter. Illinois Municipal Retirement Fund now owns 140,892 shares of the company’s stock worth $1,686,000 after buying an additional 57,453 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in Liberty Global by 10.0% during the first quarter. DAVENPORT & Co LLC now owns 135,250 shares of the company’s stock worth $1,619,000 after buying an additional 12,250 shares in the last quarter. Teacher Retirement System of Texas grew its position in Liberty Global by 132.7% in the first quarter. Teacher Retirement System of Texas now owns 24,662 shares of the company’s stock worth $295,000 after buying an additional 14,066 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Liberty Global by 1.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company’s stock valued at $40,611,000 after buying an additional 47,748 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Liberty Global has an average rating of “Sell”.

Liberty Global Stock Down 0.8%

Shares of NASDAQ:LBTYK opened at $11.06 on Tuesday. The firm has a 50 day simple moving average of $11.61 and a 200 day simple moving average of $10.82. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $21.85. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $3.77 billion, a PE ratio of -1.13 and a beta of 1.08.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share for the quarter, missing the consensus estimate of ($0.44) by ($7.65). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Insider Activity at Liberty Global

In other news, Director Miranda Curtis sold 42,600 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.77, for a total value of $501,402.00. Following the transaction, the director owned 129,305 shares in the company, valued at $1,521,919.85. This represents a 24.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the completion of the sale, the chief financial officer directly owned 33,220 shares of the company’s stock, valued at $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,980 shares of company stock valued at $1,577,091. Company insiders own 9.86% of the company’s stock.

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.