Luxor Capital Group LP Decreases Stock Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Luxor Capital Group LP lessened its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 48.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 608,869 shares of the company’s stock after selling 562,890 shares during the quarter. Liberty Global accounts for approximately 0.8% of Luxor Capital Group LP’s portfolio, making the stock its 15th biggest position. Luxor Capital Group LP’s holdings in Liberty Global were worth $10,868,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deseret Mutual Benefit Administrators lifted its stake in Liberty Global by 41.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after purchasing an additional 754 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Liberty Global by 64.4% in the 4th quarter. V Square Quantitative Management LLC now owns 2,550 shares of the company’s stock valued at $48,000 after buying an additional 999 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Liberty Global by 6.1% in the 1st quarter. Perigon Wealth Management LLC now owns 20,786 shares of the company’s stock valued at $367,000 after buying an additional 1,188 shares during the last quarter. Caprock Group LLC raised its stake in Liberty Global by 9.1% during the 1st quarter. Caprock Group LLC now owns 15,288 shares of the company’s stock worth $270,000 after acquiring an additional 1,269 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Liberty Global by 17.0% in the first quarter. Nordea Investment Management AB now owns 19,737 shares of the company’s stock valued at $349,000 after acquiring an additional 2,863 shares during the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $21.76 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The stock has a market cap of $7.95 billion, a P/E ratio of -3.36 and a beta of 1.13. The stock has a 50 day moving average of $19.89 and a two-hundred day moving average of $18.42. Liberty Global Ltd. has a twelve month low of $16.03 and a twelve month high of $22.05.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

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.