Envestnet Asset Management Inc. Increases Stock Position in Liberty Global Ltd $LBTYK

Envestnet Asset Management Inc. boosted its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYK) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,566,556 shares of the company’s stock after buying an additional 78,262 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.05% of Liberty Global worth $41,907,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LBTYK. Oppenheimer Asset Management Inc. increased its holdings in shares of Liberty Global by 16.1% in 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 during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in Liberty Global in the second quarter valued at about $21,833,000. American Century Companies Inc. raised its holdings in Liberty Global by 62.8% in the second quarter. American Century Companies Inc. now owns 1,840,493 shares of the company’s stock worth $18,975,000 after purchasing an additional 709,880 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Liberty Global by 140.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock valued at $17,059,000 after buying an additional 832,838 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Liberty Global by 12.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 864,489 shares of the company’s stock valued at $10,158,000 after buying an additional 93,382 shares in the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Trading Down 0.7%

NASDAQ LBTYK opened at $11.59 on Wednesday. Liberty Global Ltd has a 12-month low of $9.21 and a 12-month high of $12.57. The company has a fifty day simple moving average of $10.93 and a two-hundred day simple moving average of $11.21. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market cap of $3.90 billion, a P/E ratio of -1.90 and a beta of 1.00.

Insider Activity

In related news, CFO Charles H. R. Bracken sold 33,220 shares of Liberty Global stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 9.86% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on LBTYK shares. Wall Street Zen upgraded shares of Liberty Global from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Global in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Global presently has an average rating of “Sell”.

Liberty Global Company 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.