Kerrisdale Advisers LLC Buys Shares of 60,640 Liberty Global Ltd $LBTYK

Kerrisdale Advisers LLC bought a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) in the 2nd quarter, Holdings Channel reports. The firm bought 60,640 shares of the company’s stock, valued at approximately $689,000.

A number of other hedge funds have also recently made changes to their positions in LBTYK. Financiere des Professionnels Fonds d investissement inc. purchased a new stake in shares of Liberty Global in the 1st quarter worth approximately $42,000. Jones Financial Companies Lllp raised its stake in Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after buying an additional 3,808 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in Liberty Global by 180.7% in the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock worth $51,000 after acquiring an additional 2,964 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Liberty Global by 90.2% in the second quarter. Versant Capital Management Inc now owns 4,834 shares of the company’s stock worth $53,000 after acquiring an additional 2,292 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Liberty Global by 28.1% in the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after acquiring an additional 1,286 shares during the last quarter. 46.10% of the stock is owned by institutional investors.

Liberty Global Stock Performance

LBTYK stock opened at $10.43 on Monday. The stock has a market capitalization of $3.56 billion, a PE ratio of -1.16 and a beta of 0.90. Liberty Global Ltd has a 12-month low of $9.30 and a 12-month high of $13.12. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $11.27.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Liberty Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Activity at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 9.86% of the stock is owned by company insiders.

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.