Liberty Global Ltd $LBTYA Stake Boosted by Lancaster Investment Management

Key Points

• Lancaster Investment Management significantly increased its stake in Liberty Global Ltd by 91.5% during the 2nd quarter, owning a total of 4,506,798 shares, representing about 14.4% of their investment portfolio.
• Liberty Global recently reported an EPS of ($8.09), missing the consensus estimate by $7.54, but had a revenue of $1.27 billion, exceeding expectations.
• Analysts have mixed ratings for Liberty Global, with two analysts rating it as a Buy, while others maintain Hold or Sell ratings, leading to an average target price of $14.26.

Lancaster Investment Management raised its position in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 91.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,506,798 shares of the company's stock after purchasing an additional 2,152,798 shares during the quarter. Liberty Global accounts for about 14.4% of Lancaster Investment Management's investment portfolio, making the stock its 3rd largest position. Lancaster Investment Management owned approximately 1.30% of Liberty Global worth $45,113,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. ACR Alpine Capital Research LLC lifted its holdings in Liberty Global by 14.1% during the first quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock valued at $228,305,000 after purchasing an additional 2,458,406 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Liberty Global by 0.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,865,128 shares of the company's stock valued at $55,998,000 after purchasing an additional 20,771 shares in the last quarter. Contour Asset Management LLC lifted its holdings in Liberty Global by 64.4% during the first quarter. Contour Asset Management LLC now owns 3,314,529 shares of the company's stock valued at $38,150,000 after purchasing an additional 1,298,047 shares in the last quarter. First Wilshire Securities Management Inc. lifted its holdings in shares of Liberty Global by 1.5% in the first quarter. First Wilshire Securities Management Inc. now owns 2,298,762 shares of the company's stock worth $26,459,000 after buying an additional 34,367 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Liberty Global by 5.6% in the first quarter. Gamco Investors INC. ET AL now owns 1,612,282 shares of the company's stock worth $18,557,000 after buying an additional 84,812 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Trading Up 1.1%

Shares of NASDAQ LBTYA opened at $11.07 on Thursday. The business's 50 day moving average price is $11.51 and its 200-day moving average price is $10.58. The company has a market cap of $3.77 billion, a price-to-earnings ratio of -1.13 and a beta of 1.15. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.02 and a current ratio of 1.02.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released 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). The firm had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.20 billion. Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%. On average, sell-side analysts expect that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on LBTYA shares. Zacks Research raised shares of Liberty Global to a "hold" rating in a report on Wednesday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a report on Wednesday, October 8th. Benchmark reissued a "buy" rating and issued a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, UBS Group boosted their price target on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Liberty Global has an average rating of "Hold" and an average price target of $14.26.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the transaction, the chief financial officer directly owned 33,220 shares in the company, valued at $375,718.20. This trade represents a 64.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.55, for a total value of $397,089.00. Following the sale, the chief accounting officer directly owned 8,383 shares in the company, valued at $96,823.65. This trade represents a 80.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 136,980 shares of company stock worth $1,577,091 in the last ninety days. 13.29% of the stock is owned by company insiders.

About Liberty Global

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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