Dark Forest Capital Management LP Acquires New Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Dark Forest Capital Management LP bought a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,520 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Global by 151.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after purchasing an additional 2,219,823 shares during the period. Rubric Capital Management LP purchased a new position in Liberty Global during the fourth quarter worth about $34,537,000. AMF Tjanstepension AB acquired a new stake in shares of Liberty Global during the first quarter valued at about $20,872,000. Goldman Sachs Group Inc. raised its stake in shares of Liberty Global by 38.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock valued at $39,870,000 after acquiring an additional 592,653 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after acquiring an additional 447,135 shares during 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 upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Thursday, August 29th.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $21.77 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $8.11 billion, a P/E ratio of -3.36 and a beta of 1.13. The stock has a 50-day moving average of $20.00 and a two-hundred day moving average of $18.47. Liberty Global Ltd. has a 1-year low of $16.03 and a 1-year high of $22.05.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The firm had revenue of $1.87 billion for the quarter.

About Liberty Global

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.