Elgethun Capital Management Acquires 22,291 Shares of Liberty Global Ltd $LBTYK
Elgethun Capital Management increased its stake in Liberty Global Ltd by 2.7% in Q2, acquiring 22,291 shares. Liberty Global accounts for 1.7% of Elgethun's holdings. Analysts have a consensus 'Sell' rating on the stock, which opened at $11.39 with a market cap of $3.84 billion. Liberty Global reported Q3 earnings of ($0.27) per share, beating estimates. Hedge funds own 46.10% of the stock.
Elgethun Capital Management increased its stake in Liberty Global Ltd (NASDAQ:LBTYK - Free Report) by 2.7% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 843,187 shares of the company's stock after buying an additional 22,291 shares during the period. Liberty Global accounts for about 1.7% of Elgethun Capital Management's holdings, making the stock its 17th largest holding. Elgethun Capital Management owned 0.25% of Liberty Global worth $8,693,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also added to or reduced their stakes in LBTYK. American Century Companies Inc. raised its holdings in Liberty Global by 61.4% in the first quarter. American Century Companies Inc. now owns 1,130,613 shares of the company's stock worth $13,533,000 after buying an additional 430,251 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Liberty Global during the first quarter valued at approximately $545,000. Vanguard Group Inc. raised its holdings in Liberty Global by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 4,759,893 shares of the company's stock worth $56,976,000 after acquiring an additional 169,432 shares during the last quarter. Maverick Capital Ltd. lifted its position in Liberty Global by 214.6% in the 1st quarter. Maverick Capital Ltd. now owns 45,192 shares of the company's stock valued at $541,000 after acquiring an additional 30,829 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in Liberty Global by 38.4% in the 1st quarter. Trexquant Investment LP now owns 461,753 shares of the company's stock valued at $5,527,000 after acquiring an additional 128,003 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company's stock.
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Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Liberty Global in a research note on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on Liberty Global
Liberty Global Stock Performance
NASDAQ:LBTYK opened at $11.39 on Thursday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a 50-day simple moving average of $11.25 and a two-hundred day simple moving average of $10.87. The firm has a market capitalization of $3.84 billion, a PE ratio of -1.17 and a beta of 1.06. Liberty Global Ltd has a 52-week low of $9.21 and a 52-week high of $14.83.
Liberty Global (NASDAQ:LBTYK - Get Free Report) last posted its quarterly earnings results on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.43) by $0.16. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.23 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%.
Liberty Global Profile
(Free Report)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.
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