Handelsbanken Fonder AB Lowers Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Handelsbanken Fonder AB cut its holdings in Liberty Global Ltd. (NASDAQ:LBTYK) by 74.6% during the fourth quarter, Holdings Channel reports. The firm owned 74,068 shares of the company’s stock after selling 217,370 shares during the quarter. Handelsbanken Fonder AB’s holdings in Liberty Global were worth $1,381,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LBTYK. HighTower Advisors LLC increased its stake in Liberty Global by 1.5% in the 3rd quarter. HighTower Advisors LLC now owns 43,408 shares of the company’s stock worth $804,000 after acquiring an additional 637 shares during the last quarter. Seven Eight Capital LP increased its stake in Liberty Global by 0.8% in the 3rd quarter. Seven Eight Capital LP now owns 158,499 shares of the company’s stock worth $2,942,000 after acquiring an additional 1,233 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in Liberty Global by 3.6% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 52,868 shares of the company’s stock worth $955,000 after acquiring an additional 1,823 shares during the last quarter. Wittenberg Investment Management Inc. increased its stake in Liberty Global by 6.2% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 56,137 shares of the company’s stock worth $1,042,000 after acquiring an additional 3,270 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in Liberty Global by 35.4% in the 3rd quarter. Hsbc Holdings PLC now owns 14,794 shares of the company’s stock worth $274,000 after acquiring an additional 3,869 shares during the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 of the company’s stock, valued at approximately $1,363,147.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Bryan H. Hall sold 15,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $18.68, for a total transaction of $280,200.00. Following the completion of the transaction, the executive vice president now owns 129,934 shares in the company, valued at approximately $2,427,167.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jason Waldron sold 11,226 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the transaction, the chief accounting officer now owns 70,666 shares of the company’s stock, valued at approximately $1,363,147.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 113,629 shares of company stock valued at $2,046,783. 9.86% of the stock is currently owned by insiders.

Liberty Global Stock Performance

NASDAQ LBTYK opened at $16.85 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day moving average price is $17.82 and its 200-day moving average price is $18.16. 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 released its earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share 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 net margin of 54.08% and a negative return on equity of 19.26%.

Analysts Set New Price Targets

LBTYK has been the topic of a number of research reports. StockNews.com downgraded 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 research note on Wednesday, January 24th.

Liberty Global 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.