ARGA Investment Management LP Grows Stake in Liberty Global Ltd (NASDAQ:LBTYA)

ARGA Investment Management LP increased its stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 34.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,361,865 shares of the company's stock after acquiring an additional 351,133 shares during the period. Liberty Global makes up approximately 0.5% of ARGA Investment Management LP's investment portfolio, making the stock its 22nd biggest position. ARGA Investment Management LP owned 0.39% of Liberty Global worth $15,675,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LBTYA. Bank of New York Mellon Corp grew its position in Liberty Global by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company's stock worth $5,999,000 after acquiring an additional 1,615 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Liberty Global in the fourth quarter worth about $270,000. Raymond James Financial Inc. bought a new stake in Liberty Global in the fourth quarter worth about $295,000. S&CO Inc. lifted its stake in Liberty Global by 2.4% in the fourth quarter. S&CO Inc. now owns 258,066 shares of the company's stock worth $3,292,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Liberty Global by 41.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 29,059 shares of the company's stock worth $371,000 after purchasing an additional 8,530 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on LBTYA shares. Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. UBS Group decreased their price objective 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. Citigroup decreased 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 note on Wednesday, May 28th. Finally, Berenberg Bank raised shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.94.

Liberty Global Stock Performance

Liberty Global stock opened at $9.93 on Tuesday. The company has a 50 day moving average price of $9.79 and a 200-day moving average price of $10.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. Liberty Global Ltd has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The company has a market capitalization of $3.43 billion, a PE ratio of -10.24 and a beta of 1.14.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.17 billion for the quarter, compared to analysts' expectations 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 analysts forecast that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Liberty Global 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.

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