Bank of Nova Scotia bought a new stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 89,400 shares of the company's stock, valued at approximately $1,029,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP raised its holdings in Liberty Global by 335.6% during the 1st quarter. GSA Capital Partners LLP now owns 204,648 shares of the company's stock valued at $2,355,000 after buying an additional 157,668 shares during the period. Mackenzie Financial Corp raised its holdings in Liberty Global by 289.5% during the 1st quarter. Mackenzie Financial Corp now owns 855,643 shares of the company's stock valued at $9,848,000 after buying an additional 635,950 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Liberty Global by 95.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,063 shares of the company's stock valued at $484,000 after buying an additional 20,529 shares during the period. ACR Alpine Capital Research LLC raised its holdings in Liberty Global by 14.1% during the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock valued at $228,305,000 after buying an additional 2,458,406 shares during the period. Finally, KLP Kapitalforvaltning AS raised its holdings in Liberty Global by 16.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 61,100 shares of the company's stock valued at $703,000 after buying an additional 8,600 shares during the period. 37.20% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on LBTYA shares. Berenberg Bank upgraded Liberty Global to a "hold" rating in a report on Thursday, June 26th. Citigroup decreased their price target on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. UBS Group increased their price target on Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a report on Wednesday. Benchmark reiterated a "buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Finally, Barclays set a $11.00 target price on Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $14.26.
Check Out Our Latest Stock Report on LBTYA
Liberty Global Stock Up 1.2%
Shares of Liberty Global stock traded up $0.13 during trading on Friday, hitting $11.03. 2,044,891 shares of the stock traded hands, compared to its average volume of 2,168,392. The firm has a market cap of $3.81 billion, a P/E ratio of -1.13 and a beta of 1.13. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 52-week low of $9.02 and a 52-week high of $21.56. The stock's fifty day simple moving average is $10.03 and its 200 day simple moving average is $10.56.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.20 billion. Liberty Global had a negative net margin of 60.38% and a negative return on equity of 22.64%. On average, equities analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current fiscal 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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