S&CO Inc. Takes $4.65 Million Position in Liberty Global Ltd $LBTYA

Key Points

• S&CO Inc. acquired a new $4.65 million stake in Liberty Global during the second quarter, purchasing 422,835 shares and representing roughly 0.12% ownership. Institutional investors and hedge funds collectively own 37.2% of the company.
• Analyst sentiment remains mixed but leans neutral: Liberty Global has a consensus “Hold” rating and an average price target of $14.30, compared with shares opening at $10.47.
• Liberty Global’s latest quarterly results fell short of expectations, reporting a $1.07 loss per share versus an anticipated $0.48 loss and revenue of $1.17 billion versus estimates of $1.34 billion.

S&CO Inc. acquired a new stake in Liberty Global Ltd (NASDAQ:LBTYA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 422,835 shares of the company's stock, valued at approximately $4,651,000. S&CO Inc. owned approximately 0.12% of Liberty Global as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LBTYA. UBS Group AG increased its position in shares of Liberty Global by 44.2% during the fourth quarter. UBS Group AG now owns 2,754,981 shares of the company's stock worth $30,690,000 after acquiring an additional 844,265 shares during the period. Amundi acquired a new stake in shares of Liberty Global in the first quarter valued at $6,196,000. Sei Investments Co. boosted its holdings in Liberty Global by 167.7% in the first quarter. Sei Investments Co. now owns 284,718 shares of the company's stock valued at $3,442,000 after purchasing an additional 178,366 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Liberty Global by 6.3% in the first quarter. Dimensional Fund Advisors LP now owns 8,832,267 shares of the company's stock valued at $106,782,000 after purchasing an additional 521,750 shares during the period. Finally, Candriam S.C.A. acquired a new position in Liberty Global during the 1st quarter worth $1,518,000. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research upgraded Liberty Global from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Pivotal Research reiterated a "buy" rating and issued a $18.00 price objective on shares of Liberty Global in a research note on Monday, May 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research report on Friday, July 31st. Finally, UBS Group cut their target price on shares of Liberty Global from $12.10 to $11.90 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Global currently has a consensus rating of "Hold" and a consensus target price of $14.30.

Insider Transactions at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the transaction, the director directly owned 53,876 shares of the company's stock, valued at approximately $621,729.04. This represents a 50.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.34% of the stock is owned by company insiders.

Liberty Global Price Performance

Shares of LBTYA opened at $10.47 on Friday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of -1.17 and a beta of 0.94. The firm's fifty day simple moving average is $10.91 and its 200-day simple moving average is $11.63. Liberty Global Ltd has a twelve month low of $9.43 and a twelve month high of $13.52. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its earnings results on Friday, July 24th. The company reported ($1.07) EPS for the quarter, missing analysts' consensus estimates of ($0.48) by ($0.59). The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%. Equities analysts forecast that Liberty Global Ltd will post -1.46 EPS for the current fiscal year.

Liberty Global Company Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company's footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source