Point72 Hong Kong Ltd Buys Shares of 13,903 Liberty Global Ltd. (NASDAQ:LBTYK)

Point72 Hong Kong Ltd bought a new stake in Liberty Global Ltd. (NASDAQ:LBTYK) during the second quarter, HoldingsChannel.com reports. The firm bought 13,903 shares of the company’s stock, valued at approximately $248,000.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers lifted its stake in shares of 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 bought a new position in shares of Liberty Global in the 1st quarter valued at $1,477,000. Keating Investment Counselors Inc. lifted its stake in shares of Liberty Global by 59.3% in the 1st quarter. Keating Investment Counselors Inc. now owns 417,368 shares of the company’s stock valued at $7,362,000 after acquiring an additional 155,291 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake 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 acquiring an additional 73,891 shares during the last quarter. Finally, Atria Investments Inc lifted its stake in shares of Liberty Global by 10.4% in the 1st quarter. Atria Investments Inc now owns 407,587 shares of the company’s stock valued at $7,190,000 after acquiring an additional 38,437 shares during the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Stock Up 1.3 %

Shares of NASDAQ:LBTYK opened at $21.76 on Friday. The firm has a market cap of $7.95 billion, a P/E ratio of -3.36 and a beta of 1.13. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 12-month low of $16.03 and a 12-month high of $22.05. The business has a fifty day simple moving average of $19.89 and a 200 day simple moving average of $18.42.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note 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.