Wallace Capital Management Inc. Sells 39,628 Shares of Liberty Global Ltd. (NASDAQ:LBTYK)

Wallace Capital Management Inc. lessened its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYK) by 3.9% during the third quarter, HoldingsChannel reports. The firm owned 973,501 shares of the company’s stock after selling 39,628 shares during the quarter. Liberty Global accounts for approximately 2.8% of Wallace Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Wallace Capital Management Inc.’s holdings in Liberty Global were worth $21,037,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Deseret Mutual Benefit Administrators raised its position in shares of Liberty Global by 41.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 2,574 shares of the company’s stock worth $46,000 after buying an additional 754 shares during the period. US Bancorp DE grew its stake in Liberty Global by 124.9% in the third quarter. US Bancorp DE now owns 2,161 shares of the company’s stock worth $47,000 after purchasing an additional 1,200 shares in the last quarter. Rothschild Investment LLC acquired a new position in Liberty Global in the second quarter worth about $71,000. Point72 Asset Management L.P. acquired a new position in Liberty Global in the second quarter worth about $109,000. Finally, CWM LLC lifted its holdings in Liberty Global by 1,159.4% in the third quarter. CWM LLC now owns 6,272 shares of the company’s stock worth $136,000 after acquiring an additional 5,774 shares during the last quarter. Hedge funds and other institutional investors own 46.10% of the company’s stock.

Liberty Global Price Performance

Shares of NASDAQ:LBTYK opened at $14.39 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -1.42 and a beta of 1.20. Liberty Global Ltd. has a 12 month low of $11.25 and a 12 month high of $22.14. The stock’s 50 day moving average price is $18.54 and its 200 day moving average price is $18.83.

Insiders Place Their Bets

In related news, CFO Charles H. R. Bracken sold 84,103 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the sale, the chief financial officer now directly 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 SEC, which is accessible through this link. Corporate insiders own 9.86% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Global in a report on Thursday, November 14th. They issued a “hold” rating on the stock.

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.