Geode Capital Management LLC Cuts Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Geode Capital Management LLC reduced its position in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,232,850 shares of the company's stock after selling 30,060 shares during the period. Geode Capital Management LLC owned approximately 0.62% of Liberty Global worth $28,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. ACR Alpine Capital Research LLC grew its stake in Liberty Global by 333.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock valued at $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. Norges Bank purchased a new stake in Liberty Global during the fourth quarter worth $48,381,000. Vanguard Group Inc. raised its position in Liberty Global by 55.3% during the fourth quarter. Vanguard Group Inc. now owns 5,240,199 shares of the company's stock worth $66,865,000 after acquiring an additional 1,866,197 shares during the period. Franklin Resources Inc. raised its position in shares of Liberty Global by 65.4% in the fourth quarter. Franklin Resources Inc. now owns 2,659,730 shares of the company's stock valued at $33,938,000 after buying an additional 1,051,458 shares during the last quarter. Finally, American Century Companies Inc. acquired a new position in Liberty Global in the fourth quarter valued at approximately $9,403,000. Institutional investors own 37.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Liberty Global presently has an average rating of "Hold" and a consensus target price of $17.43.

Liberty Global Trading Up 1.5 %

NASDAQ:LBTYA traded up $0.16 on Wednesday, reaching $10.72. 53,053 shares of the stock traded hands, compared to its average volume of 2,037,155. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 2.56 and a beta of 1.25. The company's 50 day moving average is $11.17 and its 200-day moving average is $13.51. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a 1-year low of $9.84 and a 1-year high of $21.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $7.25. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. Equities research analysts anticipate that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.

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.