Sei Investments Co. Cuts Stock Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Sei Investments Co. trimmed its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 39.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,630 shares of the company’s stock after selling 84,125 shares during the quarter. Sei Investments Co.’s holdings in Liberty Global were worth $2,314,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 151.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock worth $65,766,000 after acquiring an additional 2,219,823 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Liberty Global by 18.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company’s stock worth $52,303,000 after purchasing an additional 447,135 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Liberty Global by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after purchasing an additional 18,319 shares during the period. Goldman Sachs Group Inc. raised its position in Liberty Global by 38.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock valued at $39,870,000 after purchasing an additional 592,653 shares in the last quarter. Finally, Gabelli Funds LLC boosted its stake in shares of Liberty Global by 3.7% in the 1st quarter. Gabelli Funds LLC now owns 2,025,414 shares of the company’s stock valued at $35,728,000 after buying an additional 71,350 shares during the period. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of LBTYK opened at $21.65 on Friday. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of -3.35 and a beta of 1.13. The firm’s fifty day simple moving average is $20.24 and its 200-day simple moving average is $18.60. Liberty Global Ltd. has a twelve month low of $16.03 and a twelve month high of $22.14. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Liberty Global from a “sell” rating to a “hold” rating in a report on Thursday, August 29th.

About Liberty Global

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.