320,779 Shares in Liberty Global Ltd $LBTYA Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 320,779 Liberty Global shares worth approximately $3.53 million, giving it a 0.09% stake. Institutional investors collectively own 37.20% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $13.22; UBS and Barclays recently lowered their targets.
• Liberty Global reported a quarterly loss of $1.07 per share, missing estimates by $0.59, while revenue of $1.17 billion fell short of expectations. The stock recently traded at $10.62, near its 52-week range of $9.43 to $13.52.

Bank of New York Mellon Corp acquired a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 320,779 shares of the company's stock, valued at approximately $3,529,000. Bank of New York Mellon Corp owned about 0.09% of Liberty Global as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Anchyra Partners LLC lifted its holdings in shares of Liberty Global by 7.3% in the 1st quarter. Anchyra Partners LLC now owns 16,384 shares of the company's stock worth $198,000 after acquiring an additional 1,114 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock valued at $28,000 after purchasing an additional 1,238 shares during the last quarter. Caerus Investment Advisors LLC raised its position in Liberty Global by 12.7% in the 4th quarter. Caerus Investment Advisors LLC now owns 11,930 shares of the company's stock worth $133,000 after purchasing an additional 1,348 shares during the period. California State Teachers Retirement System raised its position in Liberty Global by 1.3% in the 2nd quarter. California State Teachers Retirement System now owns 152,155 shares of the company's stock worth $1,523,000 after purchasing an additional 1,999 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Liberty Global by 54.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company's stock worth $74,000 after purchasing an additional 2,137 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LBTYA. UBS Group reduced their price target on Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a report on Tuesday, August 4th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a report on Friday, July 31st. Finally, Barclays reduced their price target on shares of Liberty Global from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $13.22.

Liberty Global Stock Performance

Shares of NASDAQ LBTYA opened at $10.62 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $10.63 and a two-hundred day simple moving average of $11.58. The firm has a market cap of $3.62 billion, a PE ratio of -1.18 and a beta of 0.93. Liberty Global Ltd has a twelve month low of $9.43 and a twelve month high of $13.52.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. Analysts expect that Liberty Global Ltd will post -1.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Global news, Director J Wargo sold 55,000 shares of the firm's stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the transaction, the director owned 53,876 shares of the company's stock, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.34% of the stock is currently owned by company insiders.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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