Robeco Institutional Asset Management B.V. grew its holdings in Liberty Global Ltd (NASDAQ:LBTYK – Free Report) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 864,489 shares of the company’s stock after purchasing an additional 93,382 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.25% of Liberty Global worth $10,158,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of LBTYK. Police & Firemen s Retirement System of New Jersey lifted its stake in Liberty Global by 1.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 56,852 shares of the company’s stock valued at $586,000 after buying an additional 1,008 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of Liberty Global by 0.8% in the second quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in shares of Liberty Global by 13.9% during the second quarter. Arkadios Wealth Advisors now owns 12,475 shares of the company’s stock valued at $129,000 after acquiring an additional 1,523 shares during the last quarter. Perigon Wealth Management LLC increased its position in Liberty Global by 6.5% during the 2nd quarter. Perigon Wealth Management LLC now owns 25,398 shares of the company’s stock worth $262,000 after purchasing an additional 1,559 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in Liberty Global by 3.5% in the 2nd quarter. Twin Capital Management Inc. now owns 48,761 shares of the company’s stock valued at $503,000 after purchasing an additional 1,643 shares during the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Charles H. R. Bracken sold 33,220 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.86% of the stock is owned by corporate insiders.
Liberty Global Trading Down 2.0%
Liberty Global (NASDAQ:LBTYK – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.16. Liberty Global had a negative net margin of 41.44% and a negative return on equity of 14.71%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Get Our Latest Report on LBTYK
Liberty Global Company Profile
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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