Point72 Asia Singapore Pte. Ltd. Sells 7,736 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 64.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the company’s stock after selling 7,736 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Liberty Global were worth $56,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LBTYK. R Squared Ltd bought a new position in Liberty Global during the fourth quarter worth $28,000. US Bancorp DE grew its holdings in Liberty Global by 40.3% during the 4th quarter. US Bancorp DE now owns 3,032 shares of the company’s stock worth $40,000 after acquiring an additional 871 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Liberty Global in the 4th quarter worth about $63,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Liberty Global in the 4th quarter valued at about $66,000. Finally, Cibc World Markets Corp acquired a new position in shares of Liberty Global in the 4th quarter valued at about $77,000. 46.10% of the stock is owned by institutional investors and hedge funds.

Liberty Global Stock Down 2.2%

Shares of NASDAQ LBTYK opened at $10.03 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a market cap of $3.50 billion, a PE ratio of 2.39 and a beta of 1.18. The company’s fifty day simple moving average is $11.07 and its 200 day simple moving average is $12.48. Liberty Global Ltd. has a 12-month low of $9.21 and a 12-month high of $22.14.

Liberty Global (NASDAQ:LBTYK) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($3.13). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%.

Liberty Global 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.