40,648 Shares in Liberty Global Ltd. (NASDAQ:LBTYK) Acquired by Scientech Research LLC

Scientech Research LLC purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYK) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 40,648 shares of the company’s stock, valued at approximately $726,000.

Several other hedge funds have also recently bought and sold shares of LBTYK. Dimensional Fund Advisors LP raised its stake in shares of Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after acquiring an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP raised its position in Liberty Global by 85.4% in the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock valued at $62,671,000 after purchasing an additional 1,617,711 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Liberty Global by 18.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Liberty Global by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after purchasing an additional 18,319 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Liberty Global by 38.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock valued at $39,870,000 after buying an additional 592,653 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 Liberty Global stock opened at $21.77 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $8.11 billion, a P/E ratio of -3.36 and a beta of 1.13. The firm has a 50 day simple moving average of $20.00 and a 200 day simple moving average of $18.46. Liberty Global Ltd. has a fifty-two week low of $16.03 and a fifty-two week high of $22.05.

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

Analyst Ratings Changes

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

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.