Liberty Global Ltd $LBTYK Position Boosted by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Liberty Global Ltd (NASDAQ:LBTYK) by 84.0% in the second quarter, Holdings Channel reports. The firm owned 50,608 shares of the company’s stock after purchasing an additional 23,099 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Liberty Global were worth $522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LBTYK. Credit Industriel ET Commercial acquired a new position in shares of Liberty Global in the 2nd quarter worth approximately $5,598,000. Fox Run Management L.L.C. bought a new position in Liberty Global during the second quarter worth $390,000. Twin Capital Management Inc. lifted its stake in Liberty Global by 3.5% during the second quarter. Twin Capital Management Inc. now owns 48,761 shares of the company’s stock worth $503,000 after purchasing an additional 1,643 shares during the last quarter. Bank of Montreal Can boosted its holdings in Liberty Global by 83.9% in the second quarter. Bank of Montreal Can now owns 17,646 shares of the company’s stock worth $182,000 after purchasing an additional 8,050 shares during the period. Finally, Strs Ohio increased its stake in Liberty Global by 10.1% during the second quarter. Strs Ohio now owns 124,588 shares of the company’s stock valued at $1,285,000 after purchasing an additional 11,459 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $11.02 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $3.71 billion, a PE ratio of -1.13 and a beta of 1.06. Liberty Global Ltd has a 1-year low of $9.21 and a 1-year high of $14.83. The business’s fifty day moving average price is $11.33 and its two-hundred day moving average price is $10.82.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.43) by $0.16. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Liberty Global news, Director Miranda Curtis sold 42,600 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the sale, the director owned 129,305 shares in the company, valued at approximately $1,521,919.85. This trade represents a 24.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.