939,132 Shares in Liberty Global Ltd $LBTYA Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired 939,132 shares of Liberty Global Ltd valued at approximately $10.8 million, marking a 0.27% ownership of the company at the end of the recent quarter.
• Liberty Global reported a significant loss of $8.09 per share in its latest earnings, missing expectations significantly, despite achieving revenues of $1.27 billion.
• Analysts have set an average price target of $14.26 for Liberty Global, with ratings ranging from "Buy" to "Hold" to "Sell" among different firms.

Nuveen LLC acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 939,132 shares of the company's stock, valued at approximately $10,809,000. Nuveen LLC owned approximately 0.27% of Liberty Global at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Entropy Technologies LP bought a new position in Liberty Global in the 1st quarter valued at approximately $1,315,000. Townsquare Capital LLC bought a new position in Liberty Global in the 1st quarter valued at approximately $763,000. Wittenberg Investment Management Inc. lifted its position in Liberty Global by 90.3% in the 1st quarter. Wittenberg Investment Management Inc. now owns 163,822 shares of the company's stock valued at $1,886,000 after acquiring an additional 77,722 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Liberty Global during the 1st quarter valued at $145,000. Finally, New Age Alpha Advisors LLC lifted its holdings in shares of Liberty Global by 245.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 19,749 shares of the company's stock valued at $227,000 after buying an additional 14,024 shares during the period. 37.20% of the stock is owned by institutional investors.

Liberty Global Stock Performance

Shares of NASDAQ:LBTYA traded down $0.05 during midday trading on Monday, hitting $11.63. The company had a trading volume of 1,145,416 shares, compared to its average volume of 2,289,354. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -1.19 and a beta of 1.13. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56. The company has a fifty day moving average of $10.36 and a two-hundred day moving average of $10.54.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing the consensus estimate of ($0.55) by ($7.54). Liberty Global had a negative return on equity of 22.64% and a negative net margin of 60.38%.The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.20 billion. On average, equities research analysts expect that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Insider Activity at Liberty Global

In other Liberty Global news, CFO Charles H. R. Bracken sold 60,000 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total value of $678,600.00. Following the completion of the sale, the chief financial officer owned 33,220 shares in the company, valued at approximately $375,718.20. This represents a 64.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Jason Waldron sold 34,380 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $11.55, for a total value of $397,089.00. Following the completion of the sale, the chief accounting officer owned 8,383 shares of the company's stock, valued at $96,823.65. The trade was a 80.40% decrease in their position. The disclosure for this sale can be found here. 11.51% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on LBTYA. Berenberg Bank raised Liberty Global to a "hold" rating in a report on Thursday, June 26th. Benchmark reissued a "buy" rating and set a $21.00 price target (up from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Citigroup lowered their price target on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report 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 increased their price target on Liberty Global from $10.60 to $11.80 and gave the company a "neutral" rating in a report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $14.26.

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.