Franklin Resources Inc. Acquires 81,121 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Franklin Resources Inc. grew its holdings in Liberty Global Ltd. (NASDAQ:LBTYK) by 1,092.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,547 shares of the company’s stock after buying an additional 81,121 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Global were worth $1,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Global during the third quarter valued at $7,471,000. State Street Corp raised its holdings in Liberty Global by 3.6% during the 3rd quarter. State Street Corp now owns 3,797,422 shares of the company’s stock worth $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Susquehanna International Group LLP lifted its position in Liberty Global by 121.1% during the 2nd quarter. Susquehanna International Group LLP now owns 376,698 shares of the company’s stock valued at $6,724,000 after purchasing an additional 206,318 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Liberty Global in the 3rd quarter valued at about $15,636,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Liberty Global by 296.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,522 shares of the company’s stock worth $668,000 after buying an additional 23,568 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Global in a report on Tuesday. They issued a “hold” rating on the stock.

Liberty Global Trading Up 0.4 %

NASDAQ LBTYK opened at $13.01 on Friday. Liberty Global Ltd. has a 12 month low of $11.25 and a 12 month high of $22.14. The stock has a 50-day simple moving average of $16.06 and a 200 day simple moving average of $18.42. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $4.65 billion, a PE ratio of -1.28 and a beta of 1.20.

Insider Transactions at Liberty Global

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.86% 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.