Robeco Institutional Asset Management B.V. Grows Position in Liberty Global Ltd $LBTYK

Robeco Institutional Asset Management B.V. grew its position in Liberty Global Ltd (NASDAQ:LBTYK) by 12.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 864,489 shares of the company’s stock after acquiring an additional 93,382 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Liberty Global were worth $10,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Liberty Global in the second quarter valued at approximately $21,833,000. Millennium Management LLC increased its position in shares of Liberty Global by 134.6% in the first quarter. Millennium Management LLC now owns 2,134,771 shares of the company’s stock worth $25,553,000 after acquiring an additional 1,224,873 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock worth $17,059,000 after acquiring an additional 832,838 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Liberty Global by 62.8% in the 2nd quarter. American Century Companies Inc. now owns 1,840,493 shares of the company’s stock valued at $18,975,000 after acquiring an additional 709,880 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Liberty Global by 16.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,101,558 shares of the company’s stock valued at $42,287,000 after acquiring an additional 568,348 shares in the last quarter. Institutional investors and hedge funds own 46.10% of the company’s stock.

Insider Activity

In other news, CFO Charles H. R. Bracken sold 33,220 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $11.18, for a total transaction of $371,399.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 9.86% of the stock is currently owned by insiders.

Liberty Global Stock Performance

Shares of LBTYK stock opened at $10.48 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.96 and a quick ratio of 0.96. The company’s fifty day moving average price is $11.03 and its two-hundred day moving average price is $11.11. The firm has a market capitalization of $3.53 billion, a P/E ratio of -1.72 and a beta of 0.99. Liberty Global Ltd has a 12 month low of $9.21 and a 12 month high of $12.62.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.16. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.23 billion. Liberty Global had a negative return on equity of 14.71% and a negative net margin of 41.44%.

Analysts Set New Price Targets

LBTYK has been the subject of several recent research reports. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Liberty Global Profile

Liberty Global (NASDAQ:LBTYK) is a leading international telecommunications and television company, headquartered in London. Established in 2005 through the merger of UGC Europe and Liberty Media International, the company has grown into one of the largest broadband and video service providers outside North America. Liberty Global focuses on delivering high-speed internet, digital video, mobile telephony and fixed-line communications to residential and business customers.

The company’s core services include ultra‐fast broadband, pay television, voice services and mobile offerings.