Massachusetts Financial Services Co. MA Buys New Shares in Liberty Global Ltd (NASDAQ:LBTYA)

Massachusetts Financial Services Co. MA bought a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,231 shares of the company's stock, valued at approximately $394,000.

Other large investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Liberty Global by 10.5% during the fourth quarter. Ameriprise Financial Inc. now owns 391,384 shares of the company's stock worth $4,994,000 after acquiring an additional 37,072 shares in the last quarter. Hi Line Capital Management LLC raised its stake in shares of Liberty Global by 21.1% in the first quarter. Hi Line Capital Management LLC now owns 1,001,541 shares of the company's stock worth $11,528,000 after purchasing an additional 174,234 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Liberty Global by 22.8% in the fourth quarter. Northern Trust Corp now owns 1,030,866 shares of the company's stock worth $13,154,000 after buying an additional 191,179 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Liberty Global by 2,014.6% in the 1st quarter. SG Americas Securities LLC now owns 565,516 shares of the company's stock worth $6,509,000 after buying an additional 538,772 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Liberty Global in the 1st quarter worth approximately $1,093,000. Institutional investors and hedge funds own 37.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LBTYA shares. Barclays set a $11.00 target price on Liberty Global and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. UBS Group decreased their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research note on Monday, May 12th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, Citigroup reduced their price objective on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.94.

Liberty Global Stock Up 1.7%

Shares of Liberty Global stock traded up $0.17 on Tuesday, reaching $10.24. 2,209,973 shares of the company were exchanged, compared to its average volume of 2,040,649. Liberty Global Ltd has a one year low of $9.03 and a one year high of $21.56. The company has a 50-day moving average of $9.81 and a 200 day moving average of $10.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -10.56 and a beta of 1.14.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative return on equity of 1.15% and a negative net margin of 4.25%. On average, equities research analysts forecast that Liberty Global Ltd will post -1.35 earnings per share for the current year.

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.