ING Groep NV Invests $1.34 Million in Liberty Global Ltd $LBTYK

ING Groep NV acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYK) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 121,600 shares of the company’s stock, valued at approximately $1,342,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Liberty Global by 22.5% in the first quarter. Royal Bank of Canada now owns 33,798 shares of the company’s stock worth $405,000 after buying an additional 6,217 shares during the period. AQR Capital Management LLC boosted its position in shares of Liberty Global by 18.0% in the first quarter. AQR Capital Management LLC now owns 80,872 shares of the company’s stock worth $963,000 after buying an additional 12,330 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Liberty Global by 76,160.0% in 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 period. Goldman Sachs Group Inc. boosted its position in shares of Liberty Global by 140.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,425,149 shares of the company’s stock worth $17,059,000 after buying an additional 832,838 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Liberty Global by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 646,852 shares of the company’s stock worth $7,743,000 after buying an additional 15,121 shares during the period. 46.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LBTYK. Weiss Ratings cut Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 4th. Wall Street Zen raised Liberty Global from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $11.31 on Wednesday. The stock has a market cap of $3.82 billion, a PE ratio of -0.71 and a beta of 0.88. Liberty Global Ltd has a 12 month low of $9.73 and a 12 month high of $13.12. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $11.46.

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

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.