Bank of America Corp DE reduced its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 752,198 shares of the company's stock after selling 187,870 shares during the quarter. Bank of America Corp DE owned about 0.21% of Liberty Global worth $9,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company's stock worth $10,471,000 after acquiring an additional 300,126 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Liberty Global by 197.3% during the fourth quarter. SG Americas Securities LLC now owns 26,744 shares of the company's stock valued at $341,000 after buying an additional 17,749 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Liberty Global in the 4th quarter valued at about $2,137,000. Blue Trust Inc. grew its position in shares of Liberty Global by 58.1% in the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock worth $38,000 after buying an additional 1,081 shares during the last quarter. Finally, Turtle Creek Wealth Advisors LLC bought a new position in shares of Liberty Global during the 4th quarter worth approximately $284,000. Institutional investors own 37.20% of the company's stock.
Liberty Global Stock Up 2.0%
Shares of LBTYA traded up $0.19 during mid-day trading on Tuesday, hitting $9.78. 5,222,555 shares of the company's stock were exchanged, compared to its average volume of 2,116,588. The stock's 50-day moving average is $10.45 and its 200-day moving average is $11.69. 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 Ltd. has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 2.33 and a beta of 1.23.
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 for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.09 billion. On average, sell-side analysts anticipate that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. UBS Group cut their price target on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.94.
Read Our Latest Stock Analysis on LBTYA
Liberty Global Company Profile
(
Free Report)
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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