Gamco Investors INC. ET AL Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Gamco Investors INC. ET AL reduced its holdings in Liberty Global Ltd. (NASDAQ:LBTYK) by 36.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 695,126 shares of the company’s stock after selling 402,541 shares during the period. Gamco Investors INC. ET AL’s holdings in Liberty Global were worth $9,134,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Liberty Global in the 4th quarter worth $28,000. US Bancorp DE increased its position in Liberty Global by 40.3% during the fourth 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 last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Liberty Global during the fourth quarter worth about $63,000. MassMutual Private Wealth & Trust FSB acquired a new position in Liberty Global in the 4th quarter valued at about $66,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Liberty Global during the 4th quarter worth approximately $86,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Down 1.5 %

Shares of NASDAQ:LBTYK opened at $10.87 on Thursday. The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 2.59 and a beta of 1.19. Liberty Global Ltd. has a 12-month low of $10.18 and a 12-month high of $22.14. The business has a 50-day moving average price of $11.65 and a 200 day moving average price of $14.27. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.86) by $7.19. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Liberty Global in a research report on Friday, January 17th. They issued a “hold” rating for the company.

About Liberty Global

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.