Credit Industriel ET Commercial Purchases New Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Credit Industriel ET Commercial bought a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 693,658 shares of the company's stock, valued at approximately $8,851,000. Liberty Global makes up approximately 1.2% of Credit Industriel ET Commercial's investment portfolio, making the stock its 6th largest position. Credit Industriel ET Commercial owned about 0.19% of Liberty Global as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Stifel Financial Corp boosted its stake in Liberty Global by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 12,717 shares of the company's stock valued at $268,000 after purchasing an additional 968 shares during the period. Barclays PLC boosted its position in shares of 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 buying an additional 300,126 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Liberty Global in the 3rd quarter worth approximately $6,155,000. JPMorgan Chase & Co. increased its position in Liberty Global by 5.4% in the 3rd 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 period. Finally, Accurate Wealth Management LLC raised its stake in Liberty Global by 142.2% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Liberty Global Stock Performance

LBTYA stock traded up $0.02 during midday trading on Tuesday, hitting $11.04. 300,750 shares of the company traded hands, compared to its average volume of 2,024,907. Liberty Global Ltd. has a twelve month low of $9.84 and a twelve month high of $21.56. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 2.63 and a beta of 1.25. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The business has a 50 day simple moving average of $11.16 and a 200-day simple moving average of $13.19.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.84 billion. As a group, equities research analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LBTYA has been the topic of several research analyst reports. Sanford C. Bernstein cut Liberty Global from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $17.43.

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.