Liberty Global Ltd. (NASDAQ:LBTYK) Sees Large Increase in Short Interest

Liberty Global Ltd. (NASDAQ:LBTYK) was the recipient of a significant increase in short interest in 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. 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 shares of the stock are short sold.

Insider Buying and Selling at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.86% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC increased its stake in Liberty Global by 22.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 561,412 shares of the company’s stock worth $7,377,000 after purchasing an additional 102,429 shares in the last quarter. Perpetual Ltd increased its position in shares of Liberty Global by 12.9% during the fourth quarter. Perpetual Ltd now owns 381,713 shares of the company’s stock worth $5,016,000 after acquiring an additional 43,678 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Liberty Global during the fourth quarter worth $66,000. RMR Wealth Builders acquired a new stake in shares of Liberty Global during the fourth quarter worth $223,000. Finally, JPMorgan Chase & Co. lifted its position in Liberty Global by 34.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 349,565 shares of the company’s stock valued at $7,554,000 after acquiring an additional 88,975 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors.

Liberty Global Price Performance

Shares of LBTYK stock opened at $12.01 on Friday. The stock has a 50-day moving average of $13.57 and a 200-day moving average of $17.85. 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 one year low of $11.25 and a one year high of $22.14.

Analysts Set New Price Targets

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

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.