Nuveen LLC Invests $10.81 Million in Liberty Global Ltd $LBTYA

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

Several other hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new stake in Liberty Global during the first quarter worth approximately $1,315,000. Townsquare Capital LLC acquired a new stake in Liberty Global during the first quarter worth approximately $763,000. Wittenberg Investment Management Inc. raised its holdings in Liberty Global by 90.3% during the first quarter. Wittenberg Investment Management Inc. now owns 163,822 shares of the company's stock worth $1,886,000 after purchasing an additional 77,722 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Liberty Global during the first quarter worth approximately $145,000. Finally, New Age Alpha Advisors LLC raised its holdings in Liberty Global by 245.0% during the first quarter. New Age Alpha Advisors LLC now owns 19,749 shares of the company's stock worth $227,000 after purchasing an additional 14,024 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Wall Street Analyst Weigh In

LBTYA has been the topic of a number of research analyst reports. UBS Group raised their price objective on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a report on Wednesday, August 6th. Benchmark reissued a "buy" rating and set a $21.00 price objective (up previously from $18.00) on shares of Liberty Global in a report on Monday, August 4th. Citigroup cut their price objective on shares of 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 target price on shares of Liberty Global and gave the company an "equal weight" rating in a report on Tuesday, May 6th. Finally, Berenberg Bank raised shares of Liberty Global to a "hold" rating in a report on Thursday, June 26th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Global has a consensus rating of "Hold" and an average price target of $14.26.

Liberty Global Stock Performance

NASDAQ:LBTYA traded down $0.06 during midday trading on Thursday, reaching $11.73. The stock had a trading volume of 885,224 shares, compared to its average volume of 2,191,916. The firm has a fifty day simple moving average of $10.51 and a two-hundred day simple moving average of $10.56. Liberty Global Ltd has a 12-month low of $9.02 and a 12-month high of $21.56. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market cap of $4.00 billion, a P/E ratio of -1.20 and a beta of 1.13.

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

Insider Activity at Liberty Global

In other Liberty Global news, CAO Jason Waldron sold 34,380 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $11.55, for a total transaction of $397,089.00. Following the sale, the chief accounting officer directly owned 8,383 shares in the company, valued at approximately $96,823.65. The trade was a 80.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Charles H. R. Bracken sold 60,000 shares of the business's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $11.31, for a total transaction of $678,600.00. Following the sale, the chief financial officer owned 33,220 shares in the company, valued at $375,718.20. The trade was a 64.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 136,980 shares of company stock worth $1,577,091 in the last three months. Insiders own 13.29% of the company's stock.

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.