Wittenberg Investment Management Inc. Decreases Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Wittenberg Investment Management Inc. reduced its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 33.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,608 shares of the company’s stock after selling 7,450 shares during the period. Wittenberg Investment Management Inc.’s holdings in Liberty Global were worth $192,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LBTYK. R Squared Ltd bought a new stake in Liberty Global in the fourth quarter worth about $28,000. US Bancorp DE raised its holdings in shares of Liberty Global by 40.3% in the 4th quarter. US Bancorp DE now owns 3,032 shares of the company’s stock worth $40,000 after purchasing an additional 871 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Liberty Global in the fourth quarter valued at approximately $63,000. MassMutual Private Wealth & Trust FSB bought a new position in Liberty Global during the fourth quarter valued at $66,000. Finally, Kestra Investment Management LLC purchased a new stake in Liberty Global in the fourth quarter worth $86,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $11.48 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 2.74 and a beta of 1.22. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $11.88 and a two-hundred day moving average price of $15.02. Liberty Global Ltd. has a twelve month low of $10.83 and a twelve month high of $22.14.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping the consensus estimate of ($0.86) by $7.19. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Liberty Global in a research report on Friday, January 17th. They set a “hold” rating on the 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.