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Entropy Technologies LP Takes Position in Liberty Global Ltd (NASDAQ:LBTYA)

Liberty Global logo with Utilities background

Key Points

  • Entropy Technologies LP acquired 114,255 shares of Liberty Global Ltd, valued at approximately $1.315 million, as reported in its 1st quarter 13F filing.
  • Liberty Global reported an earnings miss in its latest quarterly results, with an EPS of ($8.09), significantly below the analysts' estimate of ($0.55).
  • Analyst price targets for Liberty Global vary, with Benchmark setting a target of $21.00 while Citigroup reduced their target to $11.00, reflecting differing sentiment on the company's future performance.
  • Looking to export and analyze Liberty Global data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Entropy Technologies LP acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 114,255 shares of the company's stock, valued at approximately $1,315,000.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Liberty Global by 2.6% in the fourth quarter. Invesco Ltd. now owns 323,684 shares of the company's stock valued at $4,130,000 after buying an additional 8,096 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global during the fourth quarter valued at about $295,000. Sterling Capital Management LLC boosted its stake in shares of Liberty Global by 16.7% during the fourth quarter. Sterling Capital Management LLC now owns 25,321 shares of the company's stock valued at $323,000 after purchasing an additional 3,619 shares in the last quarter. Barclays PLC boosted its stake in shares of Liberty Global by 93.2% during the fourth quarter. Barclays PLC now owns 958,564 shares of the company's stock valued at $12,229,000 after purchasing an additional 462,519 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new stake in shares of Liberty Global during the fourth quarter valued at about $694,000. Institutional investors own 37.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays set a $11.00 target price on Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. Citigroup cut 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, May 28th. UBS Group boosted their target price on Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a research note on Wednesday, August 6th. Benchmark reiterated a "buy" rating and set a $21.00 price objective (up from $18.00) on shares of Liberty Global in a research note on Monday, August 4th. Finally, Berenberg Bank upgraded Liberty Global to a "hold" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Liberty Global has an average rating of "Hold" and a consensus price target of $14.26.

Read Our Latest Report on LBTYA

Liberty Global Stock Up 1.1%

Shares of Liberty Global stock traded up $0.12 on Friday, reaching $11.53. The company's stock had a trading volume of 2,332,913 shares, compared to its average volume of 2,293,610. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of -1.18 and a beta of 1.13. The firm's fifty day simple moving average is $10.19 and its two-hundred day simple moving average is $10.55. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.20 billion. Equities analysts anticipate that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Liberty Global Profile

(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.

Further Reading

Institutional Ownership by Quarter for Liberty Global (NASDAQ:LBTYA)

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