ARGA Investment Management LP Acquires 351,133 Shares of Liberty Global Ltd (NASDAQ:LBTYA)

ARGA Investment Management LP increased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 34.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,361,865 shares of the company's stock after purchasing an additional 351,133 shares during the quarter. Liberty Global makes up about 0.5% of ARGA Investment Management LP's portfolio, making the stock its 22nd largest holding. ARGA Investment Management LP owned about 0.39% of Liberty Global worth $15,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Liberty Global by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company's stock valued at $5,999,000 after purchasing an additional 1,615 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Liberty Global in the 4th quarter valued at approximately $270,000. Raymond James Financial Inc. acquired a new stake in Liberty Global during the 4th quarter worth approximately $295,000. S&CO Inc. boosted its position in Liberty Global by 2.4% during the 4th quarter. S&CO Inc. now owns 258,066 shares of the company's stock worth $3,292,000 after buying an additional 5,995 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in Liberty Global by 41.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 29,059 shares of the company's stock worth $371,000 after acquiring an additional 8,530 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Liberty Global Trading Down 2.5%

Shares of NASDAQ:LBTYA traded down $0.26 during mid-day trading on Friday, hitting $9.97. The company had a trading volume of 1,341,786 shares, compared to its average volume of 2,052,391. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95. Liberty Global Ltd has a one year low of $9.03 and a one year high of $21.56. The firm has a fifty day moving average price of $9.75 and a 200 day moving average price of $10.85. The company has a market capitalization of $3.45 billion, a PE ratio of -10.28 and a beta of 1.14.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, research analysts forecast 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.