Rubric Capital Management LP Has $108.61 Million Stake in Liberty Global Ltd $LBTYK

Rubric Capital Management LP grew its position in Liberty Global Ltd (NASDAQ:LBTYK) by 51.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,259,361 shares of the company’s stock after purchasing an additional 3,137,779 shares during the quarter. Liberty Global makes up about 1.2% of Rubric Capital Management LP’s portfolio, making the stock its 22nd largest position. Rubric Capital Management LP’s holdings in Liberty Global were worth $108,612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LBTYK. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Liberty Global by 113.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock valued at $1,921,000 after acquiring an additional 92,504 shares during the period. ACR Alpine Capital Research LLC lifted its stake in shares of Liberty Global by 7.3% in the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock valued at $80,757,000 after buying an additional 467,869 shares in the last quarter. Capula Management Ltd grew its holdings in shares of Liberty Global by 388.3% during the first quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after buying an additional 167,080 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Liberty Global during the fourth quarter worth about $2,731,000. Finally, M&T Bank Corp increased its holdings in Liberty Global by 481.6% during the 4th quarter. M&T Bank Corp now owns 111,562 shares of the company’s stock worth $1,232,000 after purchasing an additional 92,379 shares in the last quarter. 46.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LBTYK has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Insider Buying and Selling at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 9.86% of the company’s stock.

Liberty Global Stock Performance

Liberty Global stock opened at $9.59 on Tuesday. The firm has a market capitalization of $3.24 billion, a PE ratio of -1.07 and a beta of 0.89. Liberty Global Ltd has a 1-year low of $9.30 and a 1-year high of $13.12. The firm’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $11.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 27.89% and a negative net margin of 62.12%.The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.34 billion.

About Liberty Global

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.