Liberty Global Ltd. (NASDAQ:LBTYK) Short Interest Down 23.3% in June

Liberty Global Ltd. (NASDAQ:LBTYK) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 6,220,000 shares, a decline of 23.3% from the May 31st total of 8,110,000 shares. Based on an average daily trading volume, of 2,530,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.7% of the shares of the stock are sold short.

Insider Activity at Liberty Global

In other news, Director J David Wargo sold 30,000 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the transaction, the director now owns 159,632 shares of the company’s stock, valued at approximately $2,769,615.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.86% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Artisan Partners Limited Partnership raised its stake in Liberty Global by 1.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 8,463,069 shares of the company’s stock valued at $157,752,000 after acquiring an additional 129,585 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Liberty Global by 11.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 2,483,031 shares of the company’s stock valued at $43,801,000 after purchasing an additional 260,514 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Liberty Global by 38.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,138,959 shares of the company’s stock worth $39,870,000 after buying an additional 592,653 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of Liberty Global by 3.7% during the 1st quarter. Gabelli Funds LLC now owns 2,025,414 shares of the company’s stock worth $35,728,000 after buying an additional 71,350 shares during the last quarter. Finally, Rubric Capital Management LP bought a new stake in shares of Liberty Global during the 4th quarter worth about $34,537,000. Institutional investors own 46.10% of the company’s stock.

Liberty Global Stock Down 1.1 %

Liberty Global stock traded down $0.20 during mid-day trading on Friday, reaching $17.85. The company’s stock had a trading volume of 11,650,272 shares, compared to its average volume of 3,076,970. The business’s 50 day simple moving average is $17.41 and its 200 day simple moving average is $18.24. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.28 and a current ratio of 1.28. Liberty Global has a 12 month low of $16.03 and a 12 month high of $21.83. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of -2.76 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%. The company had revenue of $1.95 billion during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Liberty Global from a “sell” rating to a “hold” rating in a research note on Monday, June 24th.

Liberty Global Company Profile

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.