Townsquare Capital LLC Invests $763,000 in Liberty Global Ltd $LBTYA

Key Points

• Townsquare Capital LLC has acquired 66,300 shares of Liberty Global Ltd, valued at approximately $763,000, during the first quarter.
• Liberty Global reported a significant earnings miss with an EPS of (+$8.09), falling short of analyst expectations.
• Recent targeting by analysts varies, with Citigroup and Barclays setting target prices at $11.00, while Benchmark raised its target to $21.00.

Townsquare Capital LLC purchased 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 SEC. The institutional investor purchased 66,300 shares of the company's stock, valued at approximately $763,000.

Several other large investors also recently bought and sold shares of the stock. CWM LLC increased its holdings in shares of Liberty Global by 81.5% in the 1st quarter. CWM LLC now owns 2,285 shares of the company's stock valued at $26,000 after acquiring an additional 1,026 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Liberty Global during the 1st quarter worth approximately $50,000. GAMMA Investing LLC raised its stake in shares of Liberty Global by 2,370.7% during the 1st quarter. GAMMA Investing LLC now owns 6,745 shares of the company's stock worth $78,000 after buying an additional 6,472 shares in the last quarter. Friedenthal Financial purchased a new position in shares of Liberty Global during the 1st quarter worth approximately $78,000. Finally, Central Pacific Bank Trust Division increased its stake in Liberty Global by 90.9% in the 1st quarter. Central Pacific Bank Trust Division now owns 10,500 shares of the company's stock valued at $121,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Benchmark restated 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. Berenberg Bank upgraded Liberty Global to a "hold" rating in a research note on Thursday, June 26th. UBS Group boosted their price objective on Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research report on Wednesday, August 6th. 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, Citigroup cut their target price on shares of Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 28th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Global has a consensus rating of "Hold" and an average target price of $14.26.

Liberty Global Price Performance

Shares of NASDAQ:LBTYA traded down $0.22 during trading on Tuesday, reaching $11.38. The stock had a trading volume of 1,577,847 shares, compared to its average volume of 2,103,849. Liberty Global Ltd has a 52 week low of $9.02 and a 52 week high of $21.56. The business's 50-day moving average price is $10.23 and its 200 day moving average price is $10.53. 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 stock has a market capitalization of $3.88 billion, a PE ratio of -1.16 and a beta of 1.13.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Friday, August 1st. The company reported ($8.09) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.20 billion. As a group, equities analysts predict that Liberty Global Ltd will post -1.35 earnings per share for the current year.

Insider Transactions at Liberty Global

In related news, CAO Jason Waldron sold 34,380 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were 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 directly owned 8,383 shares in the company, valued at approximately $96,823.65. This trade represents a 80.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 11.51% of the company's stock.

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.