Wittenberg Investment Management Inc. Has $1.89 Million Stock Position in Liberty Global Ltd (NASDAQ:LBTYA)

Key Points

• Wittenberg Investment Management Inc. significantly increased its stake in Liberty Global Ltd (LBTYA) by 90.3% during the first quarter, now owning 163,822 shares valued at approximately $1.89 million.
• Several hedge funds have also increased their investments in Liberty Global, including Vanguard Group Inc., which boosted its stake by 55.3% to over 5.24 million shares.
• Liberty Global recently reported an EPS of -$8.09, significantly missing analyst expectations, despite achieving revenues of $1.27 billion in the last quarter.

Wittenberg Investment Management Inc. raised its holdings in shares of Liberty Global Ltd (NASDAQ:LBTYA - Free Report) by 90.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,822 shares of the company's stock after purchasing an additional 77,722 shares during the period. Liberty Global accounts for approximately 0.8% of Wittenberg Investment Management Inc.'s holdings, making the stock its 19th biggest holding. Wittenberg Investment Management Inc.'s holdings in Liberty Global were worth $1,886,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LBTYA. Raymond James Financial Inc. acquired a new stake in shares of Liberty Global during the fourth quarter worth $295,000. Vanguard Group Inc. raised its stake in Liberty Global by 55.3% during the 4th quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock worth $66,865,000 after buying an additional 1,866,197 shares during the period. California Public Employees Retirement System grew its stake in Liberty Global by 2.6% in the fourth quarter. California Public Employees Retirement System now owns 420,811 shares of the company's stock valued at $5,370,000 after acquiring an additional 10,552 shares during the period. Wedbush Securities Inc. increased its holdings in shares of Liberty Global by 168.9% in the fourth quarter. Wedbush Securities Inc. now owns 42,336 shares of the company's stock worth $540,000 after acquiring an additional 26,589 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Liberty Global by 2.6% during the 4th quarter. Invesco Ltd. now owns 323,684 shares of the company's stock valued at $4,130,000 after purchasing an additional 8,096 shares in the last quarter. Institutional investors own 37.20% of the company's stock.

Analyst Ratings Changes

LBTYA has been the topic of several research analyst reports. Barclays set a $11.00 target price on shares of Liberty Global and gave the stock an "equal weight" rating in a report on Tuesday, May 6th. UBS Group upped their target price on shares of Liberty Global from $10.60 to $11.80 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup cut their price target on Liberty Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Berenberg Bank upgraded Liberty Global to a "hold" rating in a report on Thursday, June 26th. Finally, Benchmark restated a "buy" rating and set a $21.00 target price (up previously from $18.00) on shares of Liberty Global in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Liberty Global presently has a consensus rating of "Hold" and a consensus target price of $14.26.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $11.03 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.95 and a debt-to-equity ratio of 0.59. Liberty Global Ltd has a 1-year low of $9.02 and a 1-year high of $21.56. The company has a market cap of $3.81 billion, a PE ratio of -1.13 and a beta of 1.13. The company has a 50 day moving average of $9.98 and a 200-day moving average of $10.58.

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

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.

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