Liberty Global Ltd $LBTYA Stock Purchased by State Street Corp

Key Points

• State Street increased its Liberty Global stake by 8.4% in the second quarter, acquiring 251,727 additional shares and bringing its holdings to 3.25 million shares, worth approximately $36.9 million. Institutional investors collectively own 37.2% of the company.
• Liberty Global’s stock opened at $9.42, near its 52-week low of $9.40, after the company reported a quarterly loss of $1.07 per share and revenue of $1.17 billion, both weaker than analyst expectations.
• Analyst sentiment remains cautious: the stock has a consensus “Hold” rating, with one Buy, four Hold, and one Sell rating. UBS and Barclays recently lowered their price targets, while the consensus target stands at $13.22.

State Street Corp boosted its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,245,059 shares of the company's stock after acquiring an additional 251,727 shares during the quarter. State Street Corp owned about 0.95% of Liberty Global worth $36,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Anchyra Partners LLC raised its stake in shares of Liberty Global by 7.3% during the first quarter. Anchyra Partners LLC now owns 16,384 shares of the company's stock worth $198,000 after purchasing an additional 1,114 shares during the last quarter. Allworth Financial LP grew its position in Liberty Global by 42.1% in the 2nd quarter. Allworth Financial LP now owns 4,590 shares of the company's stock valued at $52,000 after buying an additional 1,360 shares during the last quarter. Waverly Advisors LLC grew its position in Liberty Global by 10.4% in the 2nd quarter. Waverly Advisors LLC now owns 16,381 shares of the company's stock valued at $186,000 after buying an additional 1,547 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Liberty Global by 54.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,080 shares of the company's stock valued at $74,000 after buying an additional 2,137 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in Liberty Global by 26.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 14,042 shares of the company's stock worth $160,000 after buying an additional 2,926 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Stock Down 0.6%

Liberty Global stock opened at $9.42 on Friday. The stock's 50 day moving average price is $10.43 and its 200 day moving average price is $11.35. Liberty Global Ltd has a 1-year low of $9.40 and a 1-year high of $13.52. The company has a market cap of $3.21 billion, a PE ratio of -1.05 and a beta of 0.93. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.59). The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. On average, sell-side analysts predict that Liberty Global Ltd will post -1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several recent analyst reports. UBS Group reduced their target price on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Global in a research note on Friday, July 31st. Finally, Barclays cut their price target on shares of Liberty Global from $13.00 to $10.00 and set an "equal weight" rating for the company in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.22.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and investment company focused on broadband, mobile, video, and fixed-line communications services. Through its operating businesses and strategic investments, the company provides connectivity, television, and digital services to consumers and businesses.

Liberty Global has interests in telecommunications operations across Europe. Its portfolio has included Virgin Media O2 in the United Kingdom, a joint venture with Telefónica; Telenet in Belgium; and Sunrise in Switzerland.

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