Bank of New York Mellon Corp Makes New $4.81 Million Investment in Liberty Global Ltd $LBTYA

Key Points

• Bank of New York Mellon acquired 422,798 Liberty Global shares worth approximately $4.81 million, while institutional investors collectively owned 37.2% of the company.
• Liberty Global reported weaker-than-expected quarterly results, with an adjusted loss of $1.07 per share versus the $0.48 expected and revenue of $1.17 billion versus the $1.34 billion consensus.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating, an average price target of $13.22, and recent target-price cuts from UBS and Barclays.

Bank of New York Mellon Corp acquired a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 422,798 shares of the company's stock, valued at approximately $4,807,000. Bank of New York Mellon Corp owned about 0.12% of Liberty Global at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. S&CO Inc. acquired a new position in Liberty Global during the 2nd quarter worth $2,510,000. Empowered Funds LLC acquired a new stake in shares of Liberty Global during the first quarter worth approximately $231,000. Bank of America Corp DE increased its holdings in Liberty Global by 16.4% in the first quarter. Bank of America Corp DE now owns 675,086 shares of the company's stock worth $8,162,000 after buying an additional 95,244 shares during the last quarter. Amundi bought a new stake in Liberty Global during the first quarter worth approximately $6,196,000. Finally, California State Teachers Retirement System grew its holdings in Liberty Global by 27.1% in the 1st quarter. California State Teachers Retirement System now owns 181,004 shares of the company's stock valued at $2,188,000 after buying an additional 38,601 shares during the last quarter. 37.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Liberty Global news, Director J Wargo sold 55,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the sale, the director owned 53,876 shares of the company's stock, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.34% of the stock is currently owned by company insiders.

Liberty Global Price Performance

NASDAQ LBTYA opened at $10.62 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. Liberty Global Ltd has a 12 month low of $9.43 and a 12 month high of $13.52. The company's 50 day moving average is $10.63 and its two-hundred day moving average is $11.57. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of -1.18 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.59). Liberty Global had a negative net margin of 62.12% and a negative return on equity of 28.83%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.34 billion. As a group, research analysts anticipate that Liberty Global Ltd will post -1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

LBTYA has been the subject of a number of recent analyst reports. UBS Group dropped their target price on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating for the company in a research report on Tuesday, August 4th. Barclays cut their price target on Liberty Global from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, August 18th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 31st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $13.22.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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