Hi Line Capital Management LLC Acquires 174,234 Shares of Liberty Global Ltd (NASDAQ:LBTYA)

Hi Line Capital Management LLC grew its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001,541 shares of the company's stock after purchasing an additional 174,234 shares during the period. Liberty Global makes up about 4.3% of Hi Line Capital Management LLC's portfolio, making the stock its 5th biggest holding. Hi Line Capital Management LLC owned about 0.29% of Liberty Global worth $11,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its position in shares of Liberty Global by 58.1% in the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after acquiring an additional 1,081 shares during the period. Versant Capital Management Inc acquired a new position in shares of Liberty Global in the 1st quarter valued at $50,000. New Age Alpha Advisors LLC acquired a new position in shares of Liberty Global in the 4th quarter valued at $73,000. Friedenthal Financial acquired a new position in shares of Liberty Global in the 1st quarter valued at $78,000. Finally, GAMMA Investing LLC increased its position in shares of Liberty Global by 2,370.7% in the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock valued at $78,000 after acquiring an additional 6,472 shares during the period. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Stock Performance

LBTYA traded up $0.07 during midday trading on Friday, hitting $9.90. 2,048,182 shares of the company were exchanged, compared to its average volume of 2,091,509. The company's 50 day simple moving average is $9.88 and its 200 day simple moving average is $11.02. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -10.21 and a beta of 1.14. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.64. Liberty Global Ltd has a 1-year low of $9.03 and a 1-year high of $21.56.

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 the consensus estimate of ($0.83) by ($3.01). Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on LBTYA shares. UBS Group cut their target price 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 cut their price target 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. Finally, Barclays set a $11.00 price target on Liberty Global and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Liberty Global has a consensus rating of "Hold" and a consensus target price of $14.94.

Liberty Global 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.