Gamco Investors INC. ET AL Decreases Stock Holdings in Liberty Global Ltd $LBTYK

Gamco Investors INC. ET AL lowered its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 8.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 608,116 shares of the company’s stock after selling 58,584 shares during the quarter. Gamco Investors INC. ET AL owned 0.18% of Liberty Global worth $7,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LBTYK. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Liberty Global by 113.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock valued at $1,921,000 after purchasing an additional 92,504 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after purchasing an additional 467,869 shares in the last quarter. Capula Management Ltd raised its position in shares of Liberty Global by 388.3% during the 1st quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock worth $2,465,000 after purchasing an additional 167,080 shares during the last quarter. M&T Bank Corp lifted its stake in Liberty Global by 481.6% in the 4th quarter. M&T Bank Corp now owns 111,562 shares of the company’s stock valued at $1,232,000 after buying an additional 92,379 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Liberty Global in the 4th quarter valued at about $2,731,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

Liberty Global stock opened at $9.60 on Monday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $11.02 and a 200 day moving average price of $11.36. Liberty Global Ltd has a 12-month low of $9.30 and a 12-month high of $13.12. The stock has a market cap of $3.25 billion, a P/E ratio of -1.07 and a beta of 0.89.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during 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 27.89%.

Analysts Set New Price Targets

Several research firms have commented on LBTYK. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Liberty Global news, Director J David Wargo sold 55,000 shares of the firm’s 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 completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 9.86% of the company’s stock.

About Liberty Global

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.