Short Interest in Liberty Global Ltd. (NASDAQ:LBTYK) Drops By 23.3%

Liberty Global Ltd. (NASDAQ:LBTYK) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 6,220,000 shares, a decline of 23.3% from the May 31st total of 8,110,000 shares. Based on an average daily volume of 2,530,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.7% of the company’s shares are sold short.

Liberty Global Price Performance

Shares of LBTYK traded down $0.20 during trading hours on Friday, reaching $17.85. The company had a trading volume of 11,650,272 shares, compared to its average volume of 3,076,970. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.80. Liberty Global has a 12-month low of $16.03 and a 12-month high of $21.83. The firm has a 50 day simple moving average of $17.41 and a 200-day simple moving average of $18.24. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of -2.76 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYK) last released its quarterly earnings data on Wednesday, May 1st. The company reported $1.32 earnings per share for the quarter. The firm had revenue of $1.95 billion during the quarter. Liberty Global had a negative return on equity of 14.07% and a negative net margin of 37.27%.

Insider Buying and Selling at Liberty Global

In related news, Director J David Wargo sold 30,000 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $17.35, for a total value of $520,500.00. Following the sale, the director now owns 159,632 shares in the company, valued at approximately $2,769,615.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LBTYK. Hsbc Holdings PLC lifted its holdings in Liberty Global by 35.4% in the 3rd quarter. Hsbc Holdings PLC now owns 14,794 shares of the company’s stock valued at $274,000 after purchasing an additional 3,869 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Liberty Global by 8.5% during the third quarter. Northern Trust Corp now owns 1,307,407 shares of the company’s stock valued at $24,265,000 after buying an additional 102,038 shares during the period. Toronto Dominion Bank purchased a new position in shares of Liberty Global during the third quarter valued at approximately $872,000. Seven Eight Capital LP boosted its position in Liberty Global by 0.8% during the third quarter. Seven Eight Capital LP now owns 158,499 shares of the company’s stock worth $2,942,000 after acquiring an additional 1,233 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its stake in Liberty Global by 24.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 169,402 shares of the company’s stock worth $3,144,000 after acquiring an additional 33,217 shares during the period. 46.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Liberty Global from a “sell” rating to a “hold” rating in a report on Monday, June 24th.

Liberty Global Company 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.