Contour Asset Management LLC Acquires 750,649 Shares of Liberty Global Ltd $LBTYK

Contour Asset Management LLC increased its holdings in Liberty Global Ltd (NASDAQ:LBTYK) by 40.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,608,955 shares of the company’s stock after buying an additional 750,649 shares during the quarter. Liberty Global accounts for about 0.7% of Contour Asset Management LLC’s investment portfolio, making the stock its 29th largest position. Contour Asset Management LLC’s holdings in Liberty Global were worth $28,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Liberty Global by 36.9% during the 3rd quarter. American Century Companies Inc. now owns 2,519,167 shares of the company’s stock worth $29,600,000 after acquiring an additional 678,674 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Liberty Global by 113.5% in the 4th 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. Luxor Capital Group LP raised its holdings in Liberty Global by 32.5% in the 3rd quarter. Luxor Capital Group LP now owns 705,916 shares of the company’s stock worth $8,295,000 after purchasing an additional 173,200 shares during the period. Jain Global LLC raised its holdings in Liberty Global by 4,520.6% in the 3rd quarter. Jain Global LLC now owns 536,125 shares of the company’s stock worth $6,299,000 after purchasing an additional 524,522 shares during the period. Finally, M&T Bank Corp lifted its position in Liberty Global by 481.6% during the fourth quarter. M&T Bank Corp now owns 111,562 shares of the company’s stock valued at $1,232,000 after purchasing an additional 92,379 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Liberty Global Stock Down 5.9%

Shares of LBTYK stock opened at $10.91 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Global Ltd has a one year low of $9.73 and a one year high of $13.12. The company’s fifty day moving average price is $11.68 and its 200-day moving average price is $11.47. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of -0.68 and a beta of 0.88.

Liberty Global (NASDAQ:LBTYK) last issued its earnings results 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. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.27 billion.

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.