Arizona State Retirement System Cuts Stake in Liberty Global Ltd (NASDAQ:LBTYK)

Arizona State Retirement System reduced its position in Liberty Global Ltd (NASDAQ:LBTYK) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,322 shares of the company’s stock after selling 1,700 shares during the quarter. Arizona State Retirement System’s holdings in Liberty Global were worth $531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Global by 14.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,305,471 shares of the company’s stock valued at $82,852,000 after acquiring an additional 796,034 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Liberty Global by 1.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 3,533,210 shares of the company’s stock valued at $42,293,000 after acquiring an additional 48,716 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Liberty Global by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,392,767 shares of the company’s stock valued at $40,611,000 after acquiring an additional 47,748 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Liberty Global by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,878,800 shares of the company’s stock valued at $24,687,000 after acquiring an additional 84,100 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Liberty Global by 0.9% in the 4th quarter. California Public Employees Retirement System now owns 1,044,505 shares of the company’s stock valued at $13,725,000 after acquiring an additional 9,009 shares during the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

LBTYK opened at $10.35 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a fifty day moving average price of $10.06 and a 200 day moving average price of $11.07. The stock has a market cap of $3.61 billion, a P/E ratio of -10.67 and a beta of 1.08. Liberty Global Ltd has a 1 year low of $9.21 and a 1 year high of $22.14.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($3.13). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.08 billion. Liberty Global had a negative net margin of 4.25% and a negative return on equity of 1.15%.

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.