Allianz Asset Management GmbH Trims Position in Liberty Global Ltd (NASDAQ:LBTYA)

Key Points

• Allianz Asset Management GmbH reduced its stake in Liberty Global Ltd by 22.8%, now holding approximately 487,815 shares worth about $5.6 million as of its latest SEC filing.
• Liberty Global reported a loss of $3.84 EPS in its most recent earnings call, missing analyst expectations, alongside a revenue of $1.17 billion that exceeded estimates.
• Analysts have recently revised their price targets for Liberty Global, with Citigroup lowering it from $13.00 to $11.00 and UBS cutting theirs from $13.00 to $10.60, reflecting a generally cautious outlook.

Allianz Asset Management GmbH decreased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 22.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 487,815 shares of the company's stock after selling 144,182 shares during the quarter. Allianz Asset Management GmbH owned about 0.14% of Liberty Global worth $5,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Liberty Global by 22.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company's stock worth $77,482,000 after acquiring an additional 1,117,935 shares during the last quarter. Vanguard Group Inc. increased its stake in Liberty Global by 55.3% during the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock worth $66,865,000 after acquiring an additional 1,866,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Liberty Global by 4.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after acquiring an additional 198,269 shares during the last quarter. Norges Bank acquired a new stake in Liberty Global during the fourth quarter worth $48,381,000. Finally, Franklin Resources Inc. increased its stake in Liberty Global by 65.4% during the fourth quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company's stock worth $33,938,000 after acquiring an additional 1,051,458 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of a number of research reports. Berenberg Bank raised Liberty Global to a "hold" rating in a research note on Thursday, June 26th. 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. Barclays set a $11.00 price objective on Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $14.94.

Liberty Global Price Performance

Shares of LBTYA traded up $0.03 on Thursday, reaching $9.89. The stock had a trading volume of 318,236 shares, compared to its average volume of 2,061,082. The firm has a market capitalization of $3.42 billion, a PE ratio of -10.19 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. The firm has a 50-day moving average of $9.87 and a 200 day moving average of $10.61. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted 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). Liberty Global had a negative net margin of 4.25% and a negative return on equity of 1.15%. The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.09 billion. Sell-side analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.

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.