Northern Trust Corp Acquires 191,179 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Northern Trust Corp lifted its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,030,866 shares of the company's stock after acquiring an additional 191,179 shares during the quarter. Northern Trust Corp owned 0.29% of Liberty Global worth $13,154,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LBTYA. Blue Trust Inc. raised its holdings in Liberty Global by 58.1% during the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after buying an additional 1,081 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Liberty Global in the 4th quarter worth about $59,000. New Age Alpha Advisors LLC purchased a new stake in Liberty Global during the 4th quarter valued at about $73,000. VisionPoint Advisory Group LLC bought a new stake in Liberty Global during the 4th quarter valued at about $123,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Liberty Global during the fourth quarter valued at approximately $128,000. 37.20% of the stock is currently owned by institutional investors.

Liberty Global Trading Up 2.3%

Shares of LBTYA opened at $9.99 on Friday. Liberty Global Ltd. has a 1-year low of $9.03 and a 1-year high of $21.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 2.38 and a beta of 1.23. The company has a 50-day moving average of $10.72 and a 200 day moving average of $12.31.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly 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 business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, research analysts expect that Liberty Global Ltd. will post -1.35 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein downgraded shares of Liberty Global from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Barclays set a $11.00 target price on shares of Liberty Global and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. UBS Group dropped 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 note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a report on Wednesday, January 29th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $16.94.

Liberty Global Company 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.

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