Liberty Global Ltd. (NASDAQ:LBTYK) Short Interest Update

Liberty Global Ltd. (NASDAQ:LBTYK) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,950,000 shares, an increase of 19.9% from the December 15th total of 4,130,000 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 1,610,000 shares, the days-to-cover ratio is currently 3.1 days.

Insider Buying and Selling

In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of Liberty Global stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares of the company’s stock, valued at approximately $776,222.72. The trade was a 61.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Liberty Global by 3.6% in the third quarter. State Street Corp now owns 3,797,422 shares of the company’s stock valued at $82,062,000 after purchasing an additional 131,875 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Liberty Global by 151.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company’s stock valued at $65,766,000 after acquiring an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP increased its holdings in Liberty Global by 0.3% during the 3rd quarter. Rubric Capital Management LP now owns 3,522,428 shares of the company’s stock valued at $76,120,000 after acquiring an additional 11,424 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Liberty Global by 0.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,499,264 shares of the company’s stock worth $44,612,000 after acquiring an additional 18,319 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Liberty Global by 6.9% in the second quarter. Renaissance Technologies LLC now owns 1,609,200 shares of the company’s stock valued at $28,724,000 after purchasing an additional 104,000 shares in the last quarter. 46.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Liberty Global in a report on Friday. They set a “hold” rating on the stock.

Liberty Global Stock Performance

Shares of LBTYK opened at $12.01 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global has a 52-week low of $11.25 and a 52-week high of $22.14. The company has a 50-day simple moving average of $13.57 and a 200-day simple moving average of $17.85. The company has a market capitalization of $4.29 billion, a PE ratio of -1.18 and a beta of 1.21.

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.