Rhumbline Advisers Lowers Position in Liberty Global Ltd $LBTYK

Rhumbline Advisers lessened its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 6.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 148,362 shares of the company’s stock after selling 10,934 shares during the quarter. Rhumbline Advisers’ holdings in Liberty Global were worth $1,776,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LBTYK. Parallel Advisors LLC increased its position in Liberty Global by 26.2% in the first quarter. Parallel Advisors LLC now owns 5,107 shares of the company’s stock worth $61,000 after purchasing an additional 1,059 shares during the last quarter. CWM LLC increased its position in Liberty Global by 19.1% in the first quarter. CWM LLC now owns 7,190 shares of the company’s stock worth $86,000 after purchasing an additional 1,155 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Liberty Global by 19.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the company’s stock worth $100,000 after purchasing an additional 1,333 shares during the last quarter. Chemistry Wealth Management LLC increased its position in Liberty Global by 7.8% during the first quarter. Chemistry Wealth Management LLC now owns 33,533 shares of the company’s stock valued at $401,000 after acquiring an additional 2,423 shares during the last quarter. Finally, State of Wyoming bought a new position in Liberty Global during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Trading Up 0.8%

LBTYK stock opened at $12.05 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a twelve month low of $9.21 and a twelve month high of $22.14. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of -1.23 and a beta of 1.11. The firm’s fifty day simple moving average is $11.25 and its two-hundred day simple moving average is $10.90.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($7.65). The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.22 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.

Insider Transactions at Liberty Global

In related news, Director Miranda Curtis sold 42,600 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.77, for a total value of $501,402.00. Following the completion of the sale, the director directly owned 129,305 shares of the company’s stock, valued at $1,521,919.85. This represents a 24.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total transaction of $397,089.00. Following the completion of the sale, the chief accounting officer directly owned 8,383 shares of the company’s stock, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,980 shares of company stock worth $1,577,091. Insiders own 9.86% of the company’s stock.

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.