Ritholtz Wealth Management Sells 25,701 Shares of Liberty Global Ltd $LBTYK

Ritholtz Wealth Management reduced its stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) by 63.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 14,944 shares of the company’s stock after selling 25,701 shares during the quarter. Ritholtz Wealth Management’s holdings in Liberty Global were worth $154,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LBTYK. GAMMA Investing LLC raised its stake in Liberty Global by 1,176.4% during the first quarter. GAMMA Investing LLC now owns 6,548 shares of the company’s stock worth $78,000 after acquiring an additional 6,035 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Liberty Global by 56.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 655,534 shares of the company’s stock worth $7,847,000 after acquiring an additional 236,017 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in Liberty Global by 68.9% during the first quarter. Illinois Municipal Retirement Fund now owns 140,892 shares of the company’s stock worth $1,686,000 after acquiring an additional 57,453 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Liberty Global by 10.0% during the first quarter. DAVENPORT & Co LLC now owns 135,250 shares of the company’s stock worth $1,619,000 after acquiring an additional 12,250 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Liberty Global by 132.7% during the first quarter. Teacher Retirement System of Texas now owns 24,662 shares of the company’s stock worth $295,000 after acquiring an additional 14,066 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYK opened at $11.21 on Wednesday. Liberty Global Ltd has a twelve month low of $9.21 and a twelve month high of $21.85. The firm has a market cap of $3.82 billion, a PE ratio of -1.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day moving average of $11.65 and a 200-day moving average of $10.81.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Buying and Selling

In related news, CFO Charles H. R. Bracken sold 60,000 shares of Liberty Global stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the sale, the chief financial officer directly owned 33,220 shares in the company, valued at $375,718.20. This trade represents a 64.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of Liberty Global stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares of the company’s stock, valued at approximately $96,823.65. The trade was a 80.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 136,980 shares of company stock worth $1,577,091 over the last three months. 9.86% of the stock is currently owned by company insiders.

Liberty Global 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.