UBS Group AG Trims Stake in Liberty Global Ltd $LBTYK

UBS Group AG reduced its position in Liberty Global Ltd (NASDAQ:LBTYK) by 54.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,875 shares of the company’s stock after selling 337,444 shares during the quarter. UBS Group AG owned 0.08% of Liberty Global worth $3,079,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rubric Capital Management LP raised its position in Liberty Global by 38.0% in the 3rd quarter. Rubric Capital Management LP now owns 4,538,570 shares of the company’s stock worth $53,328,000 after purchasing an additional 1,248,781 shares during the period. Envestnet Asset Management Inc. raised its position in Liberty Global by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,566,556 shares of the company’s stock worth $41,907,000 after purchasing an additional 78,262 shares during the period. American Century Companies Inc. raised its position in Liberty Global by 36.9% in the 3rd quarter. American Century Companies Inc. now owns 2,519,167 shares of the company’s stock worth $29,600,000 after purchasing an additional 678,674 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Liberty Global in the 2nd quarter worth about $21,833,000. Finally, Goldman Sachs Group Inc. raised its position in Liberty Global by 140.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock worth $17,059,000 after purchasing an additional 832,838 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LBTYK. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK opened at $11.79 on Tuesday. The firm has a market cap of $3.99 billion, a PE ratio of -0.74 and a beta of 0.87. The firm’s 50 day simple moving average is $11.76 and its 200-day simple moving average is $11.41. Liberty Global Ltd has a one year low of $9.65 and a one year high of $13.12. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Friday, May 1st. The company reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Liberty Global Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.