Perpetual Ltd Trims Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Perpetual Ltd reduced its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 338,035 shares of the company’s stock after selling 14,369 shares during the quarter. Perpetual Ltd owned 0.09% of Liberty Global worth $7,305,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 2,219,823 shares during the period. Rubric Capital Management LP grew its stake in Liberty Global by 85.4% during the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock worth $62,671,000 after purchasing an additional 1,617,711 shares in the last quarter. AMF Tjanstepension AB purchased a new stake in Liberty Global during the 1st quarter worth about $20,872,000. Goldman Sachs Group Inc. boosted 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 buying an additional 592,653 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Liberty Global by 18.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after buying an additional 447,135 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

LBTYK stock opened at $21.47 on Friday. The business has a 50 day simple moving average of $20.32 and a 200-day simple moving average of $18.69. The company has a market capitalization of $7.85 billion, a P/E ratio of -4.64 and a beta of 1.13. Liberty Global Ltd. has a twelve month low of $16.03 and a twelve month high of $22.14. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.

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

Analyst Upgrades and Downgrades

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

Liberty Global 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.