Short Interest in Liberty Global Ltd. (NASDAQ:LBTYK) Grows By 19.9%

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

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Liberty Global in a report on Friday. They set a “hold” rating for the company.

Insider Activity

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 shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the transaction, the chief financial officer now directly owns 53,312 shares of the company’s stock, valued at $776,222.72. The trade was a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.86% of the company’s stock.

Institutional Investors Weigh In On Liberty Global

Several institutional investors and hedge funds have recently bought and sold shares of LBTYK. US Bancorp DE lifted its position in Liberty Global by 124.9% in the 3rd quarter. US Bancorp DE now owns 2,161 shares of the company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Liberty Global during the fourth quarter valued at about $66,000. Deseret Mutual Benefit Administrators lifted its holdings in Liberty Global by 22.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 3,152 shares of the company’s stock worth $68,000 after purchasing an additional 578 shares during the period. Point72 Asset Management L.P. bought a new position in Liberty Global in the 2nd quarter valued at about $109,000. Finally, CWM LLC increased its stake in Liberty Global by 1,159.4% during the 3rd quarter. CWM LLC now owns 6,272 shares of the company’s stock valued at $136,000 after buying an additional 5,774 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

Liberty Global Stock Performance

Liberty Global stock remained flat at $12.01 during midday trading on Friday. The company had a trading volume of 781,063 shares, compared to its average volume of 1,498,621. The business’s 50 day moving average is $13.57 and its two-hundred day moving average is $17.85. Liberty Global has a 1 year low of $11.25 and a 1 year high of $22.14. The company has a market capitalization of $4.29 billion, a PE ratio of -1.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

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.