Deltroit Asset Management UK LLP Acquires New Stake in Liberty Global Ltd $LBTYK

Deltroit Asset Management UK LLP bought a new position in Liberty Global Ltd (NASDAQ:LBTYKFree Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,931,112 shares of the company’s stock, valued at approximately $21,319,000. Liberty Global accounts for approximately 3.1% of Deltroit Asset Management UK LLP’s portfolio, making the stock its 8th largest holding.

Several other large investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after purchasing an additional 3,808 shares during the period. AlphaCore Capital LLC lifted its position in Liberty Global by 180.7% in the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock valued at $51,000 after buying an additional 2,964 shares during the last quarter. CWM LLC lifted its position in Liberty Global by 28.1% in the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after buying an additional 1,286 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in Liberty Global in the fourth quarter valued at about $119,000. Finally, Parallel Advisors LLC increased its position in shares of Liberty Global by 33.7% during the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock valued at $126,000 after acquiring an additional 2,885 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LBTYK. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Check Out Our Latest Research Report on LBTYK

Liberty Global Stock Performance

Shares of LBTYK opened at $11.33 on Friday. The stock has a 50-day simple moving average of $11.73 and a 200-day simple moving average of $11.45. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $3.83 billion, a PE ratio of -0.71 and a beta of 0.88. Liberty Global Ltd has a 1 year low of $9.73 and a 1 year high of $13.12.

Liberty Global (NASDAQ:LBTYKGet Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.

About Liberty Global

(Free Report)

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.

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Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYK)

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