Wallace Capital Management Inc. Cuts Stock Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Wallace Capital Management Inc. lowered its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 6.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,013,129 shares of the company’s stock after selling 69,776 shares during the period. Liberty Global makes up approximately 2.3% of Wallace Capital Management Inc.’s holdings, making the stock its 9th biggest position. Wallace Capital Management Inc.’s holdings in Liberty Global were worth $18,084,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LBTYK. Dimensional Fund Advisors LP raised its stake in shares of Liberty Global by 151.6% in the 2nd 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 in the last quarter. Rubric Capital Management LP bought a new position in shares of Liberty Global in the 4th quarter valued at approximately $34,537,000. AMF Tjanstepension AB bought a new position in shares of Liberty Global in the 1st quarter valued at approximately $20,872,000. Goldman Sachs Group Inc. raised its stake in shares of Liberty Global by 38.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock valued at $39,870,000 after acquiring an additional 592,653 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Liberty Global by 18.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock valued at $52,303,000 after acquiring an additional 447,135 shares in the last quarter. 46.10% of the stock is owned by institutional investors.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $21.77 on Monday. Liberty Global Ltd. has a 1-year low of $16.03 and a 1-year high of $22.05. The firm has a market capitalization of $8.11 billion, a PE ratio of -3.36 and a beta of 1.13. The business’s 50 day moving average is $20.00 and its 200-day moving average is $18.47. 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 announced its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The company had revenue of $1.87 billion for the quarter.

Wall Street Analysts Forecast Growth

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

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.