Dark Forest Capital Management LP bought a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYK – Free Report) 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 – Get Free Report) 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.
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