Bank of New York Mellon Corp Boosts Position in Liberty Global Ltd (NASDAQ:LBTYA)

Bank of New York Mellon Corp lifted its stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 29.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 609,426 shares of the company's stock after buying an additional 139,294 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.17% of Liberty Global worth $7,014,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Versant Capital Management Inc bought a new stake in Liberty Global in the first quarter worth $50,000. New Age Alpha Advisors LLC purchased a new stake in shares of Liberty Global in the fourth quarter valued at $73,000. GAMMA Investing LLC raised its stake in shares of Liberty Global by 2,370.7% in the first quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock valued at $78,000 after acquiring an additional 6,472 shares during the period. Friedenthal Financial purchased a new stake in shares of Liberty Global in the first quarter valued at $78,000. Finally, Central Pacific Bank Trust Division raised its stake in shares of Liberty Global by 90.9% in the first quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock valued at $121,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors own 37.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LBTYA. UBS Group reduced their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research note on Monday, May 12th. Citigroup cut their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Finally, Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Liberty Global presently has an average rating of "Hold" and an average price target of $14.94.

Liberty Global Stock Down 0.8%

Shares of LBTYA stock traded down $0.09 during mid-day trading on Friday, hitting $9.96. 831,854 shares of the stock traded hands, compared to its average volume of 2,065,778. The stock has a market cap of $3.44 billion, a P/E ratio of -10.28 and a beta of 1.14. The stock's fifty day moving average is $9.86 and its two-hundred day moving average is $10.68. Liberty Global Ltd has a 52-week low of $9.02 and a 52-week high of $21.56. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.95.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.83) by ($3.01). The firm 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%. Equities analysts predict that Liberty Global Ltd will post -1.35 EPS for the current year.

Liberty Global Company 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.