Handelsbanken Fonder AB Sells 76,606 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Handelsbanken Fonder AB reduced its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 57.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,730 shares of the company's stock after selling 76,606 shares during the quarter. Handelsbanken Fonder AB's holdings in Liberty Global were worth $990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LBTYA. EverSource Wealth Advisors LLC grew its position in Liberty Global by 148.1% during the third quarter. EverSource Wealth Advisors LLC now owns 2,273 shares of the company's stock worth $39,000 after buying an additional 1,357 shares in the last quarter. Anchor Investment Management LLC bought a new position in Liberty Global during the fourth quarter worth about $141,000. Advisor Partners II LLC bought a new position in Liberty Global during the third quarter worth about $209,000. Autumn Glory Partners LLC bought a new position in Liberty Global during the third quarter worth about $215,000. Finally, Brown Advisory Inc. bought a new position in Liberty Global during the third quarter worth about $232,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of Liberty Global stock traded down $0.07 during midday trading on Monday, reaching $16.28. The company had a trading volume of 1,586,326 shares, compared to its average volume of 1,564,743. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of -1.76 and a beta of 1.18. The stock has a fifty day simple moving average of $17.07 and a 200 day simple moving average of $17.19. Liberty Global Ltd. has a 1-year low of $15.01 and a 1-year high of $20.56.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Thursday, February 15th. The company reported ($8.23) EPS 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. As a group, equities research analysts forecast that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

Insider Activity at Liberty Global

In other Liberty Global news, EVP Andrea Salvato sold 32,403 shares of the business's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the sale, the executive vice president now directly owns 102,286 shares of the company's stock, valued at approximately $1,810,462.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director J David Wargo sold 30,000 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $17.35, for a total value of $520,500.00. Following the sale, the director now directly owns 159,632 shares of the company's stock, valued at approximately $2,769,615.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrea Salvato sold 32,403 shares of the company's stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $17.70, for a total transaction of $573,533.10. Following the completion of the sale, the executive vice president now directly owns 102,286 shares in the company, valued at $1,810,462.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 113,629 shares of company stock valued at $2,046,783. 11.51% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LBTYA has been the subject of a number of analyst reports. UBS Group cut their price target on shares of Liberty Global from $23.00 to $22.50 and set a "buy" rating for the company in a research note on Monday, February 26th. HSBC cut shares of Liberty Global from a "buy" rating to a "hold" rating and cut their target price for the company from $26.00 to $20.00 in a research note on Monday, March 18th. Barclays lifted their target price on shares of Liberty Global from $22.00 to $23.00 and gave the company an "equal weight" rating in a research note on Friday, January 12th. New Street Research reiterated a "neutral" rating on shares of Liberty Global in a research note on Wednesday, February 28th. Finally, Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating in a research note on Friday, February 23rd. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $24.75.

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.