California Public Employees Retirement System Decreases Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

California Public Employees Retirement System cut its holdings in Liberty Global Ltd. (NASDAQ:LBTYK) by 5.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,693,054 shares of the company’s stock after selling 96,520 shares during the quarter. California Public Employees Retirement System’s holdings in Liberty Global were worth $31,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in Liberty Global by 1.5% in the third quarter. HighTower Advisors LLC now owns 43,408 shares of the company’s stock valued at $804,000 after buying an additional 637 shares during the last quarter. Seven Eight Capital LP raised its stake in Liberty Global by 0.8% in the third quarter. Seven Eight Capital LP now owns 158,499 shares of the company’s stock valued at $2,942,000 after buying an additional 1,233 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Liberty Global by 3.6% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 52,868 shares of the company’s stock valued at $955,000 after buying an additional 1,823 shares during the last quarter. Wittenberg Investment Management Inc. raised its stake in Liberty Global by 6.2% in the third quarter. Wittenberg Investment Management Inc. now owns 56,137 shares of the company’s stock valued at $1,042,000 after buying an additional 3,270 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Liberty Global by 35.4% in the third quarter. Hsbc Holdings PLC now owns 14,794 shares of the company’s stock valued at $274,000 after buying an additional 3,869 shares during the last quarter. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Up 1.1 %

Shares of LBTYK stock opened at $16.85 on Friday. The stock’s 50-day simple moving average is $17.82 and its 200-day simple moving average is $18.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market capitalization of $6.36 billion, a PE ratio of -1.80 and a beta of 1.13. Liberty Global Ltd. has a fifty-two week low of $16.26 and a fifty-two week high of $21.83.

Liberty Global (NASDAQ:LBTYK) last posted its 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 company 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%.

Insider Buying and Selling

In related news, Director J David Wargo sold 30,000 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the sale, the director now directly owns 159,632 shares of the company’s stock, valued at $2,769,615.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Liberty Global news, EVP Andrea Salvato sold 32,403 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $17.70, for a total value of $573,533.10. Following the sale, the executive vice president now directly owns 102,286 shares of the company’s stock, valued at $1,810,462.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J David Wargo sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $17.35, for a total value of $520,500.00. Following the completion of the sale, the director now directly owns 159,632 shares in the company, valued at $2,769,615.20. The disclosure for this sale can be found here. Insiders have sold a total of 113,629 shares of company stock valued at $2,046,783 over the last ninety days. Company insiders own 9.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut Liberty Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. TheStreet raised Liberty Global from a “d+” rating to a “c-” rating in a report on Wednesday, January 24th.

About Liberty Global

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.