Jain Global LLC Has $6.30 Million Stock Position in Liberty Global Ltd $LBTYK

Jain Global LLC increased its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 4,520.6% during the third quarter, HoldingsChannel reports. The firm owned 536,125 shares of the company’s stock after acquiring an additional 524,522 shares during the period. Jain Global LLC’s holdings in Liberty Global were worth $6,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LBTYK. Clearstead Advisors LLC boosted its holdings in shares of Liberty Global by 2.7% in the third quarter. Clearstead Advisors LLC now owns 37,485 shares of the company’s stock worth $440,000 after buying an additional 973 shares during the period. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Liberty Global by 1.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 56,852 shares of the company’s stock valued at $586,000 after acquiring an additional 1,008 shares during the period. California State Teachers Retirement System lifted its position in shares of Liberty Global by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,116 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Liberty Global by 15.7% in the 3rd quarter. Raymond James Financial Inc. now owns 13,271 shares of the company’s stock worth $156,000 after purchasing an additional 1,796 shares during the period. Finally, Optas LLC boosted its stake in Liberty Global by 14.8% in the 3rd quarter. Optas LLC now owns 14,079 shares of the company’s stock worth $165,000 after purchasing an additional 1,819 shares during the period. 46.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on LBTYK. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Global in a research note on Monday, December 29th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global Stock Performance

Shares of LBTYK opened at $11.94 on Tuesday. The company has a market capitalization of $4.00 billion, a PE ratio of -0.57 and a beta of 0.98. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.08 and a current ratio of 1.08. The company’s 50 day moving average price is $11.39 and its 200 day moving average price is $11.33. Liberty Global Ltd has a 52 week low of $9.21 and a 52 week high of $13.12.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Wednesday, February 18th. The company reported ($8.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($8.29). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.

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.