Sei Investments Co. Increases Holdings in Liberty Global Ltd $LBTYA

Key Points

• Sei Investments increased its Liberty Global holdings by 167.7% in the first quarter, ending with 284,718 shares valued at approximately $3.44 million. Institutional investors collectively own 37.2% of the company.
• Analyst sentiment remains mixed, with Liberty Global receiving an average “Hold” rating and a consensus price target of $14.30; targets range from $11.90 to $18.00.
• Liberty Global reported a quarterly loss of $1.07 per share, missing estimates by $0.59, while revenue of $1.17 billion also fell short of expectations. Shares opened at $10.78, near the lower end of their 12-month range.

Sei Investments Co. raised its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 167.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,718 shares of the company's stock after purchasing an additional 178,366 shares during the period. Sei Investments Co. owned 0.08% of Liberty Global worth $3,442,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. UBS Group AG raised its holdings 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 valued at $30,690,000 after acquiring an additional 844,265 shares in the last quarter. Candriam S.C.A. purchased a new position in Liberty Global during the 1st quarter valued at $1,518,000. Dimensional Fund Advisors LP increased its position in Liberty Global by 6.3% during the 1st 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. ACR Alpine Capital Research LLC lifted its position in shares of Liberty Global by 9.7% in the 1st quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company's stock worth $285,866,000 after purchasing an additional 2,097,847 shares during the period. Finally, GSA Capital Partners LLP purchased a new stake in shares of Liberty Global in the 4th quarter worth about $1,123,000. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, Director J David Wargo sold 55,000 shares of Liberty Global stock in a transaction that occurred on Tuesday, June 16th. The shares were 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 in the company, valued at approximately $621,729.04. This trade represents a 50.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.34% of the company's stock.

Liberty Global Stock Performance

Shares of LBTYA stock opened at $10.78 on Friday. The company's fifty day moving average price is $11.10 and its 200-day moving average price is $11.64. The stock has a market cap of $3.68 billion, a PE ratio of -1.20 and a beta of 0.94. 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 Ltd has a 12 month low of $9.43 and a 12 month high of $13.52.

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

Liberty Global 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.

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