Sumitomo Mitsui Trust Holdings Inc. Trims Stock Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Sumitomo Mitsui Trust Holdings Inc. cut its position in Liberty Global Ltd. (NASDAQ:LBTYK) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 579,947 shares of the company’s stock after selling 18,969 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.15% of Liberty Global worth $10,810,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Handelsbanken Fonder AB boosted its holdings in shares of Liberty Global by 100.0% in the third quarter. Handelsbanken Fonder AB now owns 291,438 shares of the company’s stock valued at $5,409,000 after acquiring an additional 145,719 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Liberty Global by 65.7% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 185,853 shares of the company’s stock worth $3,449,000 after purchasing an additional 73,700 shares during the last quarter. Brown Advisory Inc. acquired a new stake in Liberty Global during the third quarter worth approximately $245,000. Keating Investment Counselors Inc. grew its position in shares of Liberty Global by 12.4% in the third quarter. Keating Investment Counselors Inc. now owns 517,176 shares of the company’s stock valued at $9,599,000 after purchasing an additional 57,181 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Liberty Global by 47.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 426,380 shares of the company’s stock valued at $7,914,000 after buying an additional 137,961 shares during the period. 46.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Global

In related news, CAO Jason Waldron sold 11,226 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at $1,363,147.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director J David Wargo sold 30,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares of the company’s stock, valued at $2,769,615.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jason Waldron sold 11,226 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the sale, the chief accounting officer now directly owns 70,666 shares of the company’s stock, valued at $1,363,147.14. The disclosure for this sale can be found here. Insiders have sold 113,629 shares of company stock valued at $2,046,783 in the last quarter. Corporate insiders own 9.86% of the company’s stock.

Liberty Global Trading Down 2.0 %

NASDAQ LBTYK opened at $17.04 on Tuesday. The firm has a market capitalization of $6.43 billion, a PE ratio of -1.82 and a beta of 1.13. The company has a 50-day simple moving average of $18.04 and a 200-day simple moving average of $18.18. Liberty Global Ltd. has a one year low of $16.26 and a one year high of $21.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) EPS for the quarter, missing the consensus estimate of ($0.26) by ($7.97). The firm had revenue of $1.92 billion for the quarter. Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%.

Wall Street Analyst Weigh In

LBTYK has been the subject of a number of research reports. StockNews.com downgraded Liberty Global from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. TheStreet upgraded shares of Liberty Global from a “d+” rating to a “c-” rating in a research note on Wednesday, January 24th.

Liberty Global Company 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.