Credit Industriel ET Commercial Takes $8.85 Million Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Credit Industriel ET Commercial purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 693,658 shares of the company's stock, valued at approximately $8,851,000. Liberty Global makes up approximately 1.2% of Credit Industriel ET Commercial's investment portfolio, making the stock its 6th biggest holding. Credit Industriel ET Commercial owned about 0.19% of Liberty Global as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Liberty Global by 58.1% in the 4th quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after purchasing an additional 1,081 shares during the period. Spire Wealth Management acquired a new stake in shares of Liberty Global in the fourth quarter valued at approximately $59,000. New Age Alpha Advisors LLC purchased a new position in shares of Liberty Global during the fourth quarter worth approximately $73,000. VisionPoint Advisory Group LLC purchased a new stake in Liberty Global in the 4th quarter valued at $123,000. Finally, Hunting Hill Global Capital LLC acquired a new stake in Liberty Global during the 4th quarter worth $128,000. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of NASDAQ LBTYA opened at $10.64 on Thursday. 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 one year low of $9.84 and a one year high of $21.56. The firm has a market capitalization of $3.71 billion, a P/E ratio of 2.54 and a beta of 1.25. The company's fifty day moving average is $11.17 and its two-hundred day moving average is $13.49.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping analysts' consensus estimates of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion. Analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LBTYA. Sanford C. Bernstein cut shares of Liberty Global from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. One investment 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 stock has an average rating of "Hold" and a consensus price target of $17.43.

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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