Liberty Global Ltd. (NASDAQ:LBTYK) Sees Large Decline in Short Interest

Liberty Global Ltd. (NASDAQ:LBTYK) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 6,180,000 shares, a decline of 6.5% from the July 31st total of 6,610,000 shares. Based on an average daily volume of 2,180,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 3.9% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Liberty Global from a “sell” rating to a “hold” rating in a research report on Thursday, August 29th.

Institutional Trading of Liberty Global

Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Liberty Global during the 4th quarter worth approximately $868,000. Sapient Capital LLC acquired a new stake in Liberty Global during the 4th quarter worth $443,000. Karpas Strategies LLC grew its holdings in shares of Liberty Global by 2.5% during the fourth quarter. Karpas Strategies LLC now owns 286,037 shares of the company’s stock worth $5,332,000 after buying an additional 6,899 shares in the last quarter. VisionPoint Advisory Group LLC raised its position in shares of Liberty Global by 1.2% in the fourth quarter. VisionPoint Advisory Group LLC now owns 171,515 shares of the company’s stock valued at $3,197,000 after buying an additional 2,113 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Liberty Global by 606.0% during the fourth quarter. Jump Financial LLC now owns 72,100 shares of the company’s stock worth $1,344,000 after acquiring an additional 61,888 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $19.65 on Wednesday. The stock has a 50 day moving average of $19.17 and a 200 day moving average of $18.18. Liberty Global has a 12 month low of $16.03 and a 12 month high of $21.83. The firm has a market cap of $7.18 billion, a PE ratio of -3.04 and a beta of 1.12. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYK) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%.

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.