Bank of America Corp DE Sells 187,870 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Bank of America Corp DE lessened its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 20.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 752,198 shares of the company's stock after selling 187,870 shares during the period. Bank of America Corp DE owned 0.21% of Liberty Global worth $9,598,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. ACR Alpine Capital Research LLC boosted its holdings in shares of Liberty Global by 333.3% during the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Global by 22.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company's stock valued at $77,482,000 after purchasing an additional 1,117,935 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liberty Global by 55.3% during the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock valued at $66,865,000 after purchasing an additional 1,866,197 shares during the last quarter. Norges Bank bought a new position in shares of Liberty Global during the 4th quarter valued at about $48,381,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Liberty Global by 65.4% during the 4th quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company's stock valued at $33,938,000 after purchasing an additional 1,051,458 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LBTYA. Citigroup dropped their price objective on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday. 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group reduced their price objective on Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research note on Monday, May 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.94.

Liberty Global Trading Up 0.8%

NASDAQ LBTYA traded up $0.08 during trading on Thursday, hitting $9.58. The stock had a trading volume of 1,741,566 shares, compared to its average volume of 2,114,841. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 2.29 and a beta of 1.23. The stock has a 50 day simple moving average of $10.32 and a 200 day simple moving average of $11.58. Liberty Global Ltd. has a one year low of $9.03 and a one year high of $21.56. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its 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 company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. Sell-side analysts predict 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.