ACR Alpine Capital Research LLC Purchases 2,458,406 Shares of Liberty Global Ltd (NASDAQ:LBTYA)

ACR Alpine Capital Research LLC increased its position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,835,384 shares of the company's stock after acquiring an additional 2,458,406 shares during the quarter. Liberty Global accounts for about 4.8% of ACR Alpine Capital Research LLC's holdings, making the stock its 13th largest position. 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LBTYA. Proficio Capital Partners LLC purchased a new position in Liberty Global during the fourth quarter valued at approximately $270,000. Raymond James Financial Inc. bought a new stake in Liberty Global in the fourth quarter worth approximately $295,000. Swiss National Bank grew its position in Liberty Global by 1.2% in the fourth quarter. Swiss National Bank now owns 323,000 shares of the company's stock worth $4,121,000 after acquiring an additional 3,800 shares in the last quarter. Teacher Retirement System of Texas grew its position in Liberty Global by 286.0% in the fourth quarter. Teacher Retirement System of Texas now owns 209,974 shares of the company's stock worth $2,679,000 after acquiring an additional 155,580 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in Liberty Global by 17.8% in the fourth quarter. Quantbot Technologies LP now owns 74,698 shares of the company's stock worth $953,000 after acquiring an additional 11,274 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of LBTYA stock traded down $0.01 during mid-day trading on Friday, reaching $10.03. The company's stock had a trading volume of 1,744,826 shares, compared to its average volume of 1,536,168. The company has a market cap of $3.47 billion, a P/E ratio of -10.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The firm's 50-day moving average is $9.86 and its two-hundred day moving average is $10.65. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (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 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, research analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analysts Set New Price Targets

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