Shares of Liberty Global Ltd. (NASDAQ:LBTYK – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.05 and last traded at $21.97, with a volume of 667040 shares. The stock had previously closed at $21.61.
Analyst Ratings Changes
Separately, StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.
Get Our Latest Stock Analysis on LBTYK
Liberty Global Stock Performance
Liberty Global (NASDAQ:LBTYK – Get Free Report) last released its quarterly earnings results 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 during the quarter.
Hedge Funds Weigh In On Liberty Global
Institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its holdings in Liberty Global by 91.8% in the 1st quarter. Cetera Investment Advisers now owns 214,785 shares of the company’s stock valued at $3,789,000 after acquiring an additional 102,828 shares during the last quarter. Empowered Funds LLC purchased a new stake in Liberty Global in the first quarter valued at approximately $1,477,000. Keating Investment Counselors Inc. increased its position in Liberty Global by 59.3% during the first quarter. Keating Investment Counselors Inc. now owns 417,368 shares of the company’s stock worth $7,362,000 after purchasing an additional 155,291 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Liberty Global by 20.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 437,528 shares of the company’s stock valued at $7,718,000 after purchasing an additional 73,891 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in shares of Liberty Global by 10.4% during the 1st quarter. Atria Investments Inc now owns 407,587 shares of the company’s stock worth $7,190,000 after buying an additional 38,437 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.
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.
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