Balyasny Asset Management L.P. Makes New Investment in Liberty Global Ltd. (NASDAQ:LBTYA)

Balyasny Asset Management L.P. bought a new stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 43,461 shares of the company's stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LBTYA. Blue Trust Inc. lifted its holdings in Liberty Global by 58.1% during the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after purchasing an additional 1,081 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Liberty Global by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company's stock valued at $5,999,000 after purchasing an additional 1,615 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Liberty Global by 5.6% during the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock valued at $829,000 after purchasing an additional 3,437 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Liberty Global by 16.7% during the fourth quarter. Sterling Capital Management LLC now owns 25,321 shares of the company's stock valued at $323,000 after purchasing an additional 3,619 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Liberty Global by 1.2% during the fourth quarter. Swiss National Bank now owns 323,000 shares of the company's stock valued at $4,121,000 after purchasing an additional 3,800 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Wall Street Analyst Weigh In

LBTYA has been the topic of several research reports. Sanford C. Bernstein downgraded shares of Liberty Global from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $24.70 to $12.40 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. UBS Group cut their target price on Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Finally, Barclays set a $11.00 target price on Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.94.

Liberty Global Trading Down 0.7%

NASDAQ LBTYA traded down $0.07 during mid-day trading on Wednesday, reaching $9.78. 111,759 shares of the stock were exchanged, compared to its average volume of 2,110,121. Liberty Global Ltd. has a 1-year low of $9.03 and a 1-year high of $21.56. The business's fifty day simple moving average is $10.62 and its 200 day simple moving average is $12.03. The stock has a market capitalization of $3.38 billion, a PE ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, research analysts anticipate that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Liberty Global 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.