Graham Capital Management L.P. cut its position in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,743 shares of the company's stock after selling 30,341 shares during the quarter. Graham Capital Management L.P.'s holdings in Liberty Global were worth $1,732,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC increased its stake in Liberty Global by 333.3% during the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock worth $221,730,000 after acquiring an additional 13,366,743 shares during the period. Norges Bank bought a new position in shares of Liberty Global in the fourth quarter worth $48,381,000. Wolf Hill Capital Management LP acquired a new position in Liberty Global in the fourth quarter valued at about $27,413,000. Contour Asset Management LLC bought a new stake in Liberty Global during the fourth quarter worth about $25,730,000. Finally, Vanguard Group Inc. lifted 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 purchasing an additional 1,866,197 shares during the period. 37.20% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. UBS Group lowered their price objective 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. Sanford C. Bernstein cut Liberty Global from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $24.70 to $12.40 in a research note on Thursday, January 23rd. Finally, Barclays set a $11.00 price target on Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Liberty Global has a consensus rating of "Hold" and a consensus price target of $16.94.
Get Our Latest Analysis on LBTYA
Liberty Global Price Performance
Shares of LBTYA traded up $0.22 during trading hours on Thursday, reaching $9.99. The stock had a trading volume of 3,732,397 shares, compared to its average volume of 2,120,251. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. Liberty Global Ltd. has a 12 month low of $9.03 and a 12 month high of $21.56. The stock has a market capitalization of $3.45 billion, a PE ratio of 2.38 and a beta of 1.23. The company's 50-day moving average is $10.75 and its two-hundred day moving average is $12.38.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its earnings results on Friday, May 2nd. The company reported ($3.84) EPS for the quarter, missing the consensus estimate of ($0.83) by ($3.01). Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. Research analysts expect that Liberty Global Ltd. will post -1.35 EPS for the current year.
About Liberty Global
(
Free Report)
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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