Mackenzie Financial Corp Purchases 635,950 Shares of Liberty Global Ltd (NASDAQ:LBTYA)

Key Points

• Mackenzie Financial Corp significantly increased its stake in Liberty Global Ltd by 289.5%, acquiring an additional 635,950 shares, bringing its total holdings to 855,643 shares valued at approximately $9.85 million.
• Liberty Global reported a loss of ($3.84) EPS for the last quarter, which was well below analysts' expectations of ($0.83), despite a revenue of $1.17 billion that exceeded forecasts.
• Analysts have issued mixed ratings on Liberty Global, with target prices ranging from $10.60 to $14.94, and the stock currently holds an average rating of "Hold."

Mackenzie Financial Corp increased its holdings in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 289.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 855,643 shares of the company's stock after acquiring an additional 635,950 shares during the period. Mackenzie Financial Corp owned approximately 0.25% of Liberty Global worth $9,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC grew its stake in Liberty Global by 14.1% during the 1st quarter. ACR Alpine Capital Research LLC now owns 19,835,384 shares of the company's stock worth $228,305,000 after purchasing an additional 2,458,406 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Global by 22.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,072,421 shares of the company's stock worth $77,482,000 after buying an additional 1,117,935 shares during the period. Vanguard Group Inc. lifted its stake in Liberty Global by 55.3% in the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock valued at $66,865,000 after buying an additional 1,866,197 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Liberty Global by 4.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after acquiring an additional 198,269 shares during the last quarter. Finally, Norges Bank acquired a new position in Liberty Global in the fourth quarter valued at $48,381,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LBTYA. UBS Group lowered their price target on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Barclays set a $11.00 price objective on shares of Liberty Global and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Benchmark upped their price target on Liberty Global from $18.00 to $21.00 and gave the company a "buy" rating in a research report on Monday. Berenberg Bank upgraded shares of Liberty Global to a "hold" rating in a research report on Thursday, June 26th. Finally, Citigroup cut their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $14.09.

Liberty Global Stock Up 1.1%

Shares of LBTYA traded up $0.12 on Tuesday, hitting $11.01. The company's stock had a trading volume of 1,029,917 shares, compared to its average volume of 2,104,309. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -1.13 and a beta of 1.13. The firm's fifty day moving average price is $9.92 and its 200-day moving average price is $10.57. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64. Liberty Global Ltd has a fifty-two week low of $9.02 and a fifty-two week high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported ($8.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.07% and a negative net margin of 60.38%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. On average, equities research analysts expect that Liberty Global Ltd will post -1.35 EPS for the current year.

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.