Picton Mahoney Asset Management Invests $558,000 in Liberty Global Ltd. (NASDAQ:LBTYK)

Picton Mahoney Asset Management bought a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 42,425 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sequoia Financial Advisors LLC raised its position in shares of Liberty Global by 17.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 406,644 shares of the company’s stock worth $5,343,000 after acquiring an additional 60,922 shares in the last quarter. HighTower Advisors LLC increased its position in Liberty Global by 7.4% during the fourth quarter. HighTower Advisors LLC now owns 43,609 shares of the company’s stock worth $573,000 after buying an additional 3,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Liberty Global by 17.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,910 shares of the company’s stock worth $840,000 after buying an additional 9,434 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Liberty Global during the fourth quarter worth approximately $63,000. Finally, Candriam S.C.A. increased its position in Liberty Global by 92.9% during the fourth quarter. Candriam S.C.A. now owns 1,122,072 shares of the company’s stock worth $14,744,000 after buying an additional 540,486 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Insider Buying and Selling at Liberty Global

In other Liberty Global news, major shareholder Nicholas V. Tompras sold 57,000 shares of Liberty Global stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the transaction, the insider now directly owns 16,153 shares in the company, valued at approximately $209,019.82. This trade represents a 77.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 9.86% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Liberty Global in a research report on Friday, January 17th. They set a “hold” rating on the stock.

Liberty Global Trading Up 0.4 %

LBTYK opened at $12.03 on Friday. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 2.87 and a beta of 1.22. Liberty Global Ltd. has a 52 week low of $10.83 and a 52 week high of $22.14. The business’s 50 day moving average is $11.95 and its two-hundred day moving average is $15.77. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating the consensus estimate of ($0.86) by $7.19. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion.

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.