Mackenzie Financial Corp Raises Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Mackenzie Financial Corp grew its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 394.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 219,693 shares of the company's stock after buying an additional 175,292 shares during the quarter. Mackenzie Financial Corp owned 0.06% of Liberty Global worth $2,803,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Liberty Global by 153.2% during the 3rd quarter. Barclays PLC now owns 496,045 shares of the company's stock valued at $10,471,000 after buying an additional 300,126 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Liberty Global by 197.3% in the fourth quarter. SG Americas Securities LLC now owns 26,744 shares of the company's stock worth $341,000 after buying an additional 17,749 shares during the period. Blue Trust Inc. lifted its stake 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 last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in Liberty Global during the 4th quarter valued at about $284,000. Finally, Spire Wealth Management purchased a new stake in Liberty Global during the 4th quarter valued at about $59,000. 37.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Citigroup decreased their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Barclays set a $11.00 price target on Liberty Global and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, UBS Group lowered their price target on Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research report on Monday, May 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.94.

Liberty Global Stock Up 0.4%

Shares of NASDAQ:LBTYA traded up $0.04 during trading on Tuesday, hitting $9.65. The stock had a trading volume of 1,953,429 shares, compared to its average volume of 2,102,245. The company has a market capitalization of $3.33 billion, a PE ratio of 2.30 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm's fifty day moving average is $10.20 and its 200 day moving average is $11.46. Liberty Global Ltd. has a 12 month low of $9.03 and a 12 month high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued 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). The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. Analysts anticipate that Liberty Global Ltd. will post -1.35 EPS for the current fiscal 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.