Contour Asset Management LLC Increases Stake in Liberty Global Ltd $LBTYK

Contour Asset Management LLC grew its position in Liberty Global Ltd (NASDAQ:LBTYK) by 40.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,608,955 shares of the company’s stock after buying an additional 750,649 shares during the period. Liberty Global makes up about 0.7% of Contour Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Contour Asset Management LLC owned about 0.77% of Liberty Global worth $28,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC increased its position in shares of Liberty Global by 2.7% during the third quarter. Clearstead Advisors LLC now owns 37,485 shares of the company’s stock valued at $440,000 after acquiring an additional 973 shares in the last quarter. California State Teachers Retirement System lifted its position in Liberty Global by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 145,501 shares of the company’s stock valued at $1,500,000 after acquiring an additional 1,116 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in Liberty Global by 9.7% during the 4th quarter. Arkadios Wealth Advisors now owns 13,061 shares of the company’s stock valued at $144,000 after purchasing an additional 1,157 shares during the last quarter. CWM LLC boosted its stake in Liberty Global by 28.1% during the 4th quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $65,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its holdings in shares of Liberty Global by 9.3% in the 4th quarter. Perigon Wealth Management LLC now owns 21,111 shares of the company’s stock worth $233,000 after purchasing an additional 1,789 shares in the last quarter. Institutional investors own 46.10% of the company’s stock.

Liberty Global Trading Down 5.9%

Shares of LBTYK stock opened at $10.91 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a 12-month low of $9.73 and a 12-month high of $13.12. The stock has a market capitalization of $3.69 billion, a P/E ratio of -0.68 and a beta of 0.88. The firm’s 50 day moving average is $11.68 and its 200 day moving average is $11.47.

Liberty Global (NASDAQ:LBTYK) last announced its earnings results on Friday, May 1st. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.27 billion. Liberty Global had a negative net margin of 109.64% and a negative return on equity of 47.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded 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 analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Liberty Global

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.