Credit Industriel ET Commercial Invests $8.85 Million in Liberty Global Ltd. (NASDAQ:LBTYA)

Credit Industriel ET Commercial bought a new position in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 693,658 shares of the company's stock, valued at approximately $8,851,000. Liberty Global comprises approximately 1.2% of Credit Industriel ET Commercial's investment portfolio, making the stock its 9th biggest position. Credit Industriel ET Commercial owned approximately 0.19% of Liberty Global at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC lifted its holdings in shares of Liberty Global by 333.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock worth $221,730,000 after buying an additional 13,366,743 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Global by 22.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company's stock worth $77,482,000 after buying an additional 1,117,935 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Liberty Global by 55.3% during the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock worth $66,865,000 after buying an additional 1,866,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Liberty Global by 4.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after buying an additional 198,269 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Liberty Global during the fourth quarter worth approximately $48,381,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LBTYA shares. UBS Group lowered their price objective on Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Citigroup lowered their price objective on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Wednesday. Barclays set a $11.00 price objective on Liberty Global and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $14.94.

Liberty Global Price Performance

NASDAQ:LBTYA traded down $0.28 during trading hours on Wednesday, reaching $9.50. The company had a trading volume of 1,636,153 shares, compared to its average volume of 2,117,095. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $11.67. Liberty Global Ltd. has a one year low of $9.03 and a one year high of $21.56. The firm has a market capitalization of $3.28 billion, a PE ratio of 2.27 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. Analysts forecast that Liberty Global Ltd. will post -1.35 earnings per share 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.