Teacher Retirement System of Texas Cuts Stake in Liberty Global Ltd (NASDAQ:LBTYA)

Teacher Retirement System of Texas lowered its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 85.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,879 shares of the company's stock after selling 180,095 shares during the quarter. Teacher Retirement System of Texas' holdings in Liberty Global were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LBTYA. Ameriprise Financial Inc. raised its position in shares of Liberty Global by 10.5% during the 4th quarter. Ameriprise Financial Inc. now owns 391,384 shares of the company's stock worth $4,994,000 after purchasing an additional 37,072 shares during the last quarter. Hi Line Capital Management LLC grew its stake in Liberty Global by 21.1% in the 1st quarter. Hi Line Capital Management LLC now owns 1,001,541 shares of the company's stock worth $11,528,000 after acquiring an additional 174,234 shares during the period. Northern Trust Corp grew its stake in Liberty Global by 22.8% in the 4th quarter. Northern Trust Corp now owns 1,030,866 shares of the company's stock worth $13,154,000 after acquiring an additional 191,179 shares during the period. SG Americas Securities LLC grew its stake in Liberty Global by 2,014.6% in the 1st quarter. SG Americas Securities LLC now owns 565,516 shares of the company's stock worth $6,509,000 after acquiring an additional 538,772 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Liberty Global by 4.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,844,357 shares of the company's stock worth $61,814,000 after acquiring an additional 198,269 shares during the period. Hedge funds and other institutional investors own 37.20% of the company's stock.

Liberty Global Price Performance

NASDAQ:LBTYA traded down $0.10 during trading hours on Friday, reaching $9.90. 1,233,000 shares of the company's stock were exchanged, compared to its average volume of 2,040,552. The company has a market capitalization of $3.42 billion, a P/E ratio of -10.21 and a beta of 1.14. Liberty Global Ltd has a 12 month low of $9.03 and a 12 month high of $21.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.64. The business's 50-day simple moving average is $9.81 and its two-hundred day simple moving average is $10.76.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($3.84) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.83) by ($3.01). The company had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.09 billion. Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. Sell-side analysts expect that Liberty Global Ltd will post -1.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LBTYA. Barclays set a $11.00 price objective on shares of Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Citigroup decreased their price target on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. UBS Group decreased their price target on shares of Liberty Global from $13.00 to $10.60 and set a "neutral" rating for the company in a research report on Monday, May 12th. Finally, Berenberg Bank raised shares of Liberty Global to a "hold" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $14.94.

Liberty Global Profile

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.