Gamco Investors INC. ET AL Trims Holdings in Liberty Global Ltd $LBTYK

Gamco Investors INC. ET AL reduced its stake in Liberty Global Ltd (NASDAQ:LBTYK) by 8.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 608,116 shares of the company’s stock after selling 58,584 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Liberty Global were worth $7,133,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LBTYK. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Liberty Global by 113.5% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 173,975 shares of the company’s stock worth $1,921,000 after purchasing an additional 92,504 shares in the last quarter. ACR Alpine Capital Research LLC boosted its position in shares of Liberty Global by 7.3% during the first quarter. ACR Alpine Capital Research LLC now owns 6,884,624 shares of the company’s stock worth $80,757,000 after buying an additional 467,869 shares during the period. Capula Management Ltd grew its stake in shares of Liberty Global by 388.3% in the first quarter. Capula Management Ltd now owns 210,109 shares of the company’s stock valued at $2,465,000 after buying an additional 167,080 shares in the last quarter. M&T Bank Corp boosted its holdings in Liberty Global by 481.6% during the 4th quarter. M&T Bank Corp now owns 111,562 shares of the company’s stock valued at $1,232,000 after acquiring an additional 92,379 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Liberty Global in the 4th quarter valued at about $2,731,000. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Price Performance

Shares of NASDAQ LBTYK opened at $9.60 on Monday. The stock has a market cap of $3.25 billion, a P/E ratio of -1.07 and a beta of 0.89. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 12-month low of $9.30 and a 12-month high of $13.12. The business’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.36.

Liberty Global (NASDAQ:LBTYK) last released its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 27.89% and a negative net margin of 62.12%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion.

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director directly owned 53,876 shares of the company’s stock, valued at approximately $621,729.04. The trade was a 50.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 9.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LBTYK. Wall Street Zen raised shares of Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Global presently has an average rating of “Sell”.

About Liberty Global

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.