Baupost Group LLC MA Sells 773,022 Shares of Liberty Global Ltd $LBTYK

Baupost Group LLC MA decreased its position in Liberty Global Ltd (NASDAQ:LBTYK) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,884,781 shares of the company’s stock after selling 773,022 shares during the period. Liberty Global accounts for 4.4% of Baupost Group LLC MA’s portfolio, making the stock its 12th largest position. Baupost Group LLC MA owned 6.20% of Liberty Global worth $230,568,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LBTYK. Jones Financial Companies Lllp boosted its holdings in Liberty Global by 76,160.0% during the first quarter. Jones Financial Companies Lllp now owns 3,813 shares of the company’s stock worth $46,000 after buying an additional 3,808 shares during the last quarter. AlphaCore Capital LLC boosted its holdings in Liberty Global by 180.7% during the fourth quarter. AlphaCore Capital LLC now owns 4,604 shares of the company’s stock worth $51,000 after buying an additional 2,964 shares during the last quarter. CWM LLC boosted its holdings in Liberty Global by 28.1% during the fourth quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $65,000 after buying an additional 1,286 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Liberty Global during the fourth quarter worth about $119,000. Finally, Parallel Advisors LLC boosted its holdings in Liberty Global by 33.7% during the fourth quarter. Parallel Advisors LLC now owns 11,450 shares of the company’s stock worth $126,000 after buying an additional 2,885 shares during the last quarter. Institutional investors own 46.10% of the company’s stock.

Liberty Global Trading Up 3.4%

NASDAQ:LBTYK opened at $12.01 on Friday. Liberty Global Ltd has a fifty-two week low of $9.73 and a fifty-two week high of $13.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $4.06 billion, a PE ratio of -0.75 and a beta of 0.88. The business’s 50-day simple moving average is $11.71 and its 200-day simple moving average is $11.47.

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, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded Liberty Global from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Liberty Global 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.