Baupost Group LLC MA Sells 773,022 Shares of Liberty Global Ltd $LBTYK

Baupost Group LLC MA decreased its position in Liberty Global Ltd (NASDAQ:LBTYK) by 3.6% during the 4th quarter, HoldingsChannel reports. The fund owned 20,884,781 shares of the company’s stock after selling 773,022 shares during the quarter. Liberty Global comprises about 4.4% of Baupost Group LLC MA’s portfolio, making the stock its 12th largest holding. Baupost Group LLC MA owned approximately 0.06% of Liberty Global worth $230,568,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LBTYK. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Liberty Global in the 2nd quarter valued at approximately $21,833,000. Deltroit Asset Management UK LLP bought a new stake in Liberty Global in the 4th quarter valued at approximately $21,319,000. Rubric Capital Management LP lifted its stake in Liberty Global by 34.9% in the 4th quarter. Rubric Capital Management LP now owns 6,121,582 shares of the company’s stock valued at $67,582,000 after acquiring an additional 1,583,012 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake 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 valued at $17,059,000 after acquiring an additional 832,838 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake 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 valued at $29,600,000 after acquiring an additional 678,674 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

Analysts Set New Price Targets

LBTYK has been the topic of several research reports. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Liberty Global Trading Up 3.4%

Shares of Liberty Global stock opened at $12.01 on Friday. Liberty Global Ltd has a 12-month low of $9.73 and a 12-month high of $13.12. The stock has a market cap of $4.06 billion, a P/E ratio of -0.75 and a beta of 0.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $11.71 and its 200-day moving average is $11.47.

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

Liberty Global Company 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.