Millennium Management LLC Lowers Stock Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Millennium Management LLC decreased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 510,663 shares of the company's stock after selling 1,261,779 shares during the quarter. Millennium Management LLC owned approximately 0.14% of Liberty Global worth $6,516,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Liberty Global by 153.2% during the third quarter. Barclays PLC now owns 496,045 shares of the company's stock worth $10,471,000 after purchasing an additional 300,126 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Liberty Global by 10.5% during the fourth quarter. Ameriprise Financial Inc. now owns 391,384 shares of the company's stock worth $4,994,000 after buying an additional 37,072 shares during the period. Northern Trust Corp boosted its stake in shares of Liberty Global by 22.8% during the fourth quarter. Northern Trust Corp now owns 1,030,866 shares of the company's stock worth $13,154,000 after buying an additional 191,179 shares during the period. ACR Alpine Capital Research LLC boosted its stake in shares of Liberty Global by 333.3% during the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock worth $221,730,000 after buying an additional 13,366,743 shares during the period. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Liberty Global during the fourth quarter worth about $284,000. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Price Performance

Shares of Liberty Global stock traded up $0.08 during trading on Friday, hitting $9.66. 3,054,350 shares of the company were exchanged, compared to its average volume of 2,105,184. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 2.31 and a beta of 1.23. The firm has a 50 day moving average price of $10.29 and a 200 day moving average price of $11.49.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, equities analysts expect that Liberty Global Ltd. will post -1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LBTYA. UBS Group decreased their target price on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research note on Monday, May 12th. Citigroup decreased their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an "equal weight" rating in a research note on Tuesday, May 6th. One research 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.94.

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.