ACR Alpine Capital Research LLC Boosts Stock Position in Liberty Global Ltd (NASDAQ:LBTYA)

ACR Alpine Capital Research LLC lifted its position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 14.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,835,384 shares of the company's stock after purchasing an additional 2,458,406 shares during the quarter. Liberty Global comprises 4.8% of ACR Alpine Capital Research LLC's investment portfolio, making the stock its 13th biggest holding. ACR Alpine Capital Research LLC owned approximately 5.69% of Liberty Global worth $228,305,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. boosted its holdings in Liberty Global by 10.5% in 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 increased its position in Liberty Global by 21.1% during the first quarter. Hi Line Capital Management LLC now owns 1,001,541 shares of the company's stock valued at $11,528,000 after acquiring an additional 174,234 shares during the last quarter. Northern Trust Corp increased its position in 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 in the last quarter. SG Americas Securities LLC increased its position in Liberty Global by 2,014.6% in the first 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 in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in Liberty Global in the first quarter worth about $1,093,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Price Performance

Liberty Global stock traded down $0.18 during midday trading on Thursday, reaching $10.04. 3,374,995 shares of the stock traded hands, compared to its average volume of 1,466,664. The stock's fifty day moving average is $9.86 and its 200-day moving average is $10.68. Liberty Global Ltd has a 12 month low of $9.02 and a 12 month high of $21.56. The stock has a market cap of $3.47 billion, a P/E ratio of -10.35 and a beta of 1.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Global had a negative net margin of 4.25% and a negative return on equity of 1.15%. As a group, equities research analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LBTYA shares. UBS Group dropped their price objective on Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research note on Monday, May 12th. Barclays set a $11.00 price objective on Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup dropped their price objective on Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday, May 28th. Finally, Berenberg Bank raised Liberty Global to a "hold" rating in a research note on Thursday, June 26th. 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $14.94.

About Liberty Global

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.