Grantham Mayo Van Otterloo & Co. LLC Buys New Stake in Liberty Global Ltd $LBTYA

Key Points

• Grantham Mayo Van Otterloo & Co. LLC purchased a new position of 452,678 shares in Liberty Global during Q3, worth about $5.19 million and representing roughly 0.13% of the company.
• Liberty Global reported a Q showing an EPS of ($8.60) versus a ($0.46) consensus (a large miss), with negative return on equity (58.32%) and a net margin of -146.30%, while revenue was $1.23 billion.
• Analysts are mostly neutral (average rating "Hold") with an average price target of $14.40; Citigroup and UBS recently nudged targets to $13.00 and $12.60, respectively.

Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 452,678 shares of the company's stock, valued at approximately $5,188,000. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.13% of Liberty Global as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its position in shares of Liberty Global by 79.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company's stock worth $28,000 after acquiring an additional 1,238 shares during the period. Rothschild Investment LLC increased its stake in shares of Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company's stock valued at $34,000 after purchasing an additional 2,012 shares in the last quarter. AlphaCore Capital LLC purchased a new position in shares of Liberty Global in the 2nd quarter valued at about $46,000. Headlands Technologies LLC acquired a new position in Liberty Global in the 2nd quarter worth about $47,000. Finally, MAI Capital Management raised its holdings in Liberty Global by 27.5% in the 3rd quarter. MAI Capital Management now owns 4,559 shares of the company's stock worth $52,000 after purchasing an additional 983 shares during the period. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Trading Up 0.2%

Shares of Liberty Global stock opened at $12.57 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a twelve month low of $9.02 and a twelve month high of $13.52. The firm has a market capitalization of $4.21 billion, a PE ratio of -0.60 and a beta of 1.02. The firm's 50-day moving average price is $11.42 and its 200 day moving average price is $11.32.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($8.60) EPS for the quarter, missing the consensus estimate of ($0.46) by ($8.14). Liberty Global had a negative return on equity of 58.32% and a negative net margin of 146.30%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.21 billion. On average, sell-side analysts predict that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Analysts Set New Price Targets

LBTYA has been the topic of several research analyst reports. Citigroup raised their price objective on Liberty Global from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Global in a research note on Thursday, January 22nd. Finally, UBS Group increased their target price on Liberty Global from $11.80 to $12.60 and gave the company a "neutral" rating in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Liberty Global presently has an average rating of "Hold" and an average price target of $14.40.

About Liberty Global

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

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