RWC Asset Management LLP Decreases Holdings in Liberty Global Ltd. (NASDAQ:LBTYK)
From MarketBeat:
RWC Asset Management LLP reduced its holdings of Liberty Global Ltd. (NASDAQ:LBTYK) by 89% during the third quarter, selling 179,951 shares to possess 22,262 shares, valued at $413,000. Analysts at TheStreet and StockNews.com lowered Liberty Global’s rating, with Liberty Global’s stock up 0.9% on the NASDAQ. Liberty Global’s quarter report showed a negative return on equity of 23.92% and a negative net margin of 70.98%. Total revenue was reported as $1.85 billion during the quarter..experts predicted, 49.90% of the stock is owned by hedge funds and other institutional investors.
Liberty Global Ltd also experienced insider trading, with Director Miranda Curtis selling 31,200 shares totaling $505,440. On November 17, and Director Larry E. Romrell sold 26,000 shares on November 3, which totaled $456,300. Both transactions, along with others, were disclosed in filings with the Securities and Exchange Commission. Company insiders now own 9.86% of the company’s stock. Liberty Global Ltd. provides broadband internet, video, fixed-line telephony and mobile communications services to residential and business customers. It offers value-added broadband services and online storage solutions, among others.
For those keeping an eye on Liberty Global Ltd., HoldingsChannel.com can provide the latest 13F filings and insider trades on the NASDAQ stock, which currently has a “Buy” rating. As a reminder, this news was generated by MarketBeat using narrative science technology and was reviewed by the editorial team before being published. MarketBeat also tracks top-rated and best performing analysts and the stocks they recommend to their clients, identifying the top five stocks that analysts are recommending before the broader market catches on. And for beginners in the stock market, MarketBeat offers a free report on 10 simple stocks that can help to build long-term wealth without requiring knowledge of advanced strategies.
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