HighTower Advisors LLC Sells 1,815 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

HighTower Advisors LLC cut its stake in Liberty Global Ltd. (NASDAQ:LBTYK) by 4.3% during the third quarter, HoldingsChannel reports. The fund owned 40,607 shares of the company’s stock after selling 1,815 shares during the quarter. HighTower Advisors LLC’s holdings in Liberty Global were worth $878,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in LBTYK. Dimensional Fund Advisors LP grew its holdings in Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after purchasing an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP boosted its position in shares of Liberty Global by 85.4% in the 2nd quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company’s stock worth $62,671,000 after purchasing an additional 1,617,711 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Liberty Global by 18.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after buying an additional 447,135 shares during the last quarter. Long Focus Capital Management LLC increased its position in Liberty Global by 39.7% during the 2nd quarter. Long Focus Capital Management LLC now owns 1,442,000 shares of the company’s stock valued at $25,740,000 after buying an additional 410,000 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Liberty Global in the third quarter valued at about $7,471,000. 46.10% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the completion of the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.86% of the company’s stock.

Liberty Global Trading Down 2.7 %

Shares of Liberty Global stock opened at $13.14 on Wednesday. The firm’s 50 day simple moving average is $17.25 and its two-hundred day simple moving average is $18.68. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of -1.29 and a beta of 1.20. Liberty Global Ltd. has a 12-month low of $11.25 and a 12-month high of $22.14. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Liberty Global in a research note on Thursday, November 14th. They set a “hold” rating on the 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.