ING Groep NV Buys Shares of 121,600 Liberty Global Ltd $LBTYK

ING Groep NV purchased a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 121,600 shares of the company’s stock, valued at approximately $1,342,000.

Several other hedge funds also recently modified their holdings of LBTYK. Jones Financial Companies Lllp increased its position in shares of Liberty Global by 76,160.0% during the 1st quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock valued at $46,000 after purchasing an additional 3,808 shares during the period. AlphaCore Capital LLC increased its position in shares of Liberty Global by 180.7% during the 4th quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock valued at $51,000 after purchasing an additional 2,964 shares during the period. CWM LLC increased its position in shares of Liberty Global by 28.1% during the 4th quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after purchasing an additional 1,286 shares during the period. Evergreen Capital Management LLC acquired a new position in shares of Liberty Global during the 4th quarter valued at $119,000. Finally, Parallel Advisors LLC increased its position in shares of Liberty Global by 33.7% during the 4th quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock valued at $126,000 after purchasing an additional 2,885 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Liberty Global Stock Performance

LBTYK opened at $11.31 on Wednesday. The firm has a market cap of $3.82 billion, a PE ratio of -0.71 and a beta of 0.88. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $11.46. Liberty Global Ltd has a fifty-two week low of $9.73 and a fifty-two week high of $13.12.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.

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.