Liberty Global Ltd. (NASDAQ:LBTYK) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 12.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 509,692 shares of the company’s stock after selling 70,255 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.13% of Liberty Global worth $8,991,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. V Square Quantitative Management LLC lifted its holdings in shares of Liberty Global by 64.4% in the fourth quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock valued at $48,000 after purchasing an additional 999 shares in the last quarter. Bfsg LLC purchased a new stake in shares of Liberty Global in the fourth quarter valued at $60,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Liberty Global by 217.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,350 shares of the company’s stock worth $130,000 after acquiring an additional 5,037 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Liberty Global during the fourth quarter valued at $205,000. Finally, Sprinkle Financial Consultants LLC acquired a new stake in Liberty Global during the fourth quarter valued at $210,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 30,000 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the completion of the sale, the director now owns 159,632 shares of the company’s stock, valued at $2,769,615.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 9.86% of the company’s stock.

Liberty Global Price Performance

LBTYK opened at $18.56 on Thursday. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of -2.87 and a beta of 1.12. Liberty Global Ltd. has a 1 year low of $16.03 and a 1 year high of $21.83. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $17.63 and a 200 day moving average price of $18.31.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. The company had revenue of $1.95 billion during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Monday, June 24th.

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.