Prudential Financial Inc. Invests $206,000 in Liberty Global Ltd. (NASDAQ:LBTYK)

Prudential Financial Inc. bought a new stake in Liberty Global Ltd. (NASDAQ:LBTYK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,700 shares of the company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. increased its stake in Liberty Global by 52.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 9,324 shares of the company’s stock valued at $201,000 after buying an additional 3,196 shares during the period. State Street Corp increased its stake in shares of Liberty Global by 3.6% during the third quarter. State Street Corp now owns 3,797,422 shares of the company’s stock valued at $82,062,000 after acquiring an additional 131,875 shares during the period. XTX Topco Ltd bought a new stake in Liberty Global during the third quarter worth approximately $405,000. Public Employees Retirement System of Ohio bought a new stake in Liberty Global during the third quarter worth approximately $1,257,000. Finally, Virtu Financial LLC acquired a new stake in Liberty Global in the third quarter worth approximately $1,551,000. Institutional investors own 46.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating on the stock.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $10.81 on Friday. Liberty Global Ltd. has a 12 month low of $10.18 and a 12 month high of $22.14. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.77 billion, a PE ratio of 2.58 and a beta of 1.19. The business has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $14.44.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $7.19. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion.

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.