Private Management Group Inc. Acquires 547,425 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Private Management Group Inc. boosted its stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 48,746.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,548 shares of the company's stock after purchasing an additional 547,425 shares during the quarter. Private Management Group Inc. owned about 0.14% of Liberty Global worth $9,748,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Duality Advisers LP purchased a new stake in Liberty Global in the 4th quarter worth about $1,851,000. abrdn plc raised its position in Liberty Global by 108.5% in the 4th quarter. abrdn plc now owns 55,051 shares of the company's stock worth $978,000 after purchasing an additional 28,647 shares during the period. Lancaster Investment Management purchased a new stake in Liberty Global in the 4th quarter worth about $42,843,000. BKM Wealth Management LLC purchased a new stake in Liberty Global in the 4th quarter worth about $409,000. Finally, Anchor Investment Management LLC purchased a new stake in Liberty Global in the 4th quarter worth about $141,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBTYA has been the topic of a number of research analyst reports. Citigroup upgraded shares of Liberty Global from a "neutral" rating to a "buy" rating and upped their target price for the stock from $20.00 to $24.00 in a research note on Friday, February 9th. New Street Research restated a "neutral" rating on shares of Liberty Global in a research note on Wednesday, February 28th. Bank of America downgraded shares of Liberty Global from a "neutral" rating to an "underperform" rating in a research note on Friday, February 23rd. Barclays upped their target price on shares of Liberty Global from $22.00 to $23.00 and gave the stock an "equal weight" rating in a research note on Friday, January 12th. Finally, TheStreet upgraded shares of Liberty Global from a "d+" rating to a "c-" rating in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Liberty Global presently has an average rating of "Hold" and a consensus price target of $26.36.

Liberty Global Price Performance

LBTYA traded down $0.45 on Wednesday, reaching $16.25. 2,109,474 shares of the company's stock were exchanged, compared to its average volume of 1,555,689. The stock has a market cap of $6.14 billion, a PE ratio of -1.73 and a beta of 1.18. Liberty Global Ltd. has a twelve month low of $15.01 and a twelve month high of $20.56. The stock's fifty day moving average price is $17.17 and its 200-day moving average price is $17.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.30.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported ($8.23) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($7.88). Liberty Global had a negative return on equity of 19.26% and a negative net margin of 54.08%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.88 billion. Sell-side analysts expect that Liberty Global Ltd. will post -0.61 EPS for the current year.

Insider Activity

In other news, CAO Jason Waldron sold 11,226 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total value of $216,549.54. Following the sale, the chief accounting officer now directly owns 70,666 shares of the company's stock, valued at approximately $1,363,147.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Liberty Global news, CAO Jason Waldron sold 11,226 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $19.29, for a total transaction of $216,549.54. Following the completion of the transaction, the chief accounting officer now owns 70,666 shares in the company, valued at approximately $1,363,147.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J David Wargo sold 30,000 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $17.35, for a total transaction of $520,500.00. Following the transaction, the director now owns 159,632 shares of the company's stock, valued at approximately $2,769,615.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,629 shares of company stock valued at $2,046,783. 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.