Contour Asset Management LLC Makes New $25.73 Million Investment in Liberty Global Ltd. (NASDAQ:LBTYA)

Contour Asset Management LLC purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 2,016,482 shares of the company's stock, valued at approximately $25,730,000. Liberty Global comprises about 0.7% of Contour Asset Management LLC's portfolio, making the stock its 25th largest position. Contour Asset Management LLC owned 0.56% of Liberty Global at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Barclays PLC raised its stake in Liberty Global by 153.2% during the third quarter. Barclays PLC now owns 496,045 shares of the company's stock worth $10,471,000 after purchasing an additional 300,126 shares during the period. JPMorgan Chase & Co. boosted its holdings in Liberty Global by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 611,380 shares of the company's stock valued at $12,906,000 after acquiring an additional 31,259 shares during the last quarter. Accurate Wealth Management LLC grew its position in Liberty Global by 142.2% during the fourth quarter. Accurate Wealth Management LLC now owns 29,888 shares of the company's stock valued at $355,000 after acquiring an additional 17,546 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new stake in Liberty Global during the fourth quarter worth about $443,000. Finally, SG Americas Securities LLC raised its holdings in shares of Liberty Global by 197.3% in the 4th quarter. SG Americas Securities LLC now owns 26,744 shares of the company's stock worth $341,000 after purchasing an additional 17,749 shares during the period. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Stock Down 0.2 %

Shares of LBTYA stock traded down $0.02 on Friday, hitting $9.25. The stock had a trading volume of 2,003,198 shares, compared to its average volume of 2,069,597. Liberty Global Ltd. has a 52-week low of $9.19 and a 52-week high of $21.56. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 2.21 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. The stock's 50 day moving average is $10.88 and its 200-day moving average is $12.62.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Sanford C. Bernstein downgraded shares of Liberty Global from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $24.70 to $12.40 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Barclays set a $11.00 target price on shares of Liberty Global and gave the company an "equal weight" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $17.29.

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.