Ameriprise Financial Inc. Reduces Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)

Ameriprise Financial Inc. trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 43.6% in the 4th quarter, Holdings Channel reports. The firm owned 3,242,482 shares of the company’s stock after selling 2,511,045 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Global were worth $42,605,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Liberty Global in the 4th quarter valued at $28,000. US Bancorp DE grew its holdings in Liberty Global by 40.3% in the 4th quarter. US Bancorp DE now owns 3,032 shares of the company’s stock valued at $40,000 after buying an additional 871 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Liberty Global in the 4th quarter valued at $63,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Liberty Global in the 4th quarter valued at $66,000. Finally, Cibc World Markets Corp purchased a new stake in Liberty Global in the 4th quarter valued at $77,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $9.51 on Monday. Liberty Global Ltd. has a 52 week low of $9.21 and a 52 week high of $22.14. The business’s fifty day simple moving average is $11.30 and its 200-day simple moving average is $12.87. The firm has a market cap of $3.32 billion, a PE ratio of 2.27 and a beta of 1.18. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.71) by ($3.13). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.08 billion.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Liberty Global in a research note on Friday, January 17th. They issued a “hold” rating on the stock.

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.