DME Capital Management LP Sells 367,622 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

DME Capital Management LP cut its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,885,258 shares of the company's stock after selling 367,622 shares during the period. Liberty Global accounts for approximately 2.6% of DME Capital Management LP's portfolio, making the stock its 12th largest holding. DME Capital Management LP owned approximately 1.09% of Liberty Global worth $49,576,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. boosted its position in Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $38,000 after purchasing an additional 1,081 shares during the last quarter. Spire Wealth Management bought a new stake in Liberty Global in the 4th quarter valued at $59,000. New Age Alpha Advisors LLC bought a new position in Liberty Global during the fourth quarter valued at approximately $73,000. VisionPoint Advisory Group LLC purchased a new stake in Liberty Global during the fourth quarter valued at approximately $123,000. Finally, Yousif Capital Management LLC purchased a new stake in Liberty Global during the 4th quarter valued at $128,000. 37.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LBTYA. Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday. Sanford C. Bernstein cut Liberty Global from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target 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. One research 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. According to data from MarketBeat.com, Liberty Global presently has an average rating of "Hold" and a consensus price target of $17.29.

Liberty Global Stock Performance

LBTYA stock opened at $9.29 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a 12-month low of $9.25 and a 12-month high of $21.56. The stock's 50 day simple moving average is $10.97 and its 200 day simple moving average is $12.78. The firm has a market cap of $3.24 billion, a P/E ratio of 2.22 and a beta of 1.23.

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). The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. As a group, equities research analysts predict that Liberty Global Ltd. will post -1.35 EPS for the current 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.

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