Bank of New York Mellon Corp grew its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 29.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 609,426 shares of the company's stock after purchasing an additional 139,294 shares during the period. Bank of New York Mellon Corp owned 0.17% of Liberty Global worth $7,014,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the company. Voya Investment Management LLC grew its position in Liberty Global by 5.6% in the 4th quarter. Voya Investment Management LLC now owns 64,960 shares of the company's stock valued at $829,000 after buying an additional 3,437 shares in the last quarter. Sterling Capital Management LLC grew its position in Liberty Global by 16.7% in the 4th quarter. Sterling Capital Management LLC now owns 25,321 shares of the company's stock valued at $323,000 after buying an additional 3,619 shares in the last quarter. Swiss National Bank grew its position in Liberty Global by 1.2% in the 4th quarter. Swiss National Bank now owns 323,000 shares of the company's stock valued at $4,121,000 after buying an additional 3,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Liberty Global by 14.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company's stock valued at $412,000 after buying an additional 4,128 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in Liberty Global in the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 37.20% of the company's stock.
Wall Street Analyst Weigh In
LBTYA has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research report on Monday, May 12th. Citigroup reduced 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 report on Wednesday, May 28th. Barclays set a $11.00 price objective on shares of Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Berenberg Bank raised shares of Liberty Global to a "hold" rating in a research note on Thursday, June 26th. One 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 target price of $14.94.
Read Our Latest Stock Analysis on LBTYA
Liberty Global Stock Down 0.1%
Shares of NASDAQ LBTYA traded down $0.01 during mid-day trading on Friday, reaching $10.03. The company had a trading volume of 1,744,826 shares, compared to its average volume of 1,536,168. The stock has a fifty day moving average of $9.86 and a two-hundred day moving average of $10.65. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -10.34 and a beta of 1.14. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56.
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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. As a group, equities research analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.
About Liberty Global
(
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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