FMR LLC grew its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 24.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,439 shares of the company's stock after purchasing an additional 84,247 shares during the period. FMR LLC owned about 0.12% of Liberty Global worth $9,087,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Rubric Capital Management LP boosted its position in Liberty Global by 43.7% during the second quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company's stock valued at $96,320,000 after purchasing an additional 1,680,756 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Liberty Global by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company's stock valued at $63,765,000 after buying an additional 82,560 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Global by 212.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company's stock valued at $57,336,000 after buying an additional 2,236,696 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in Liberty Global by 11.5% in the second quarter. ACR Alpine Capital Research LLC now owns 3,058,910 shares of the company's stock worth $53,317,000 after buying an additional 314,726 shares during the last quarter. Finally, Mirabella Financial Services LLP raised its position in Liberty Global by 16.6% during the third quarter. Mirabella Financial Services LLP now owns 2,113,665 shares of the company's stock valued at $44,619,000 after acquiring an additional 300,305 shares in the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Liberty Global news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 11.51% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on LBTYA shares. Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Global from $38.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, December 5th. Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. UBS Group lowered shares of Liberty Global from a "buy" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $13.00 in a research note on Monday, November 18th. Barclays cut their target price on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 25th. Finally, Benchmark reaffirmed a "buy" rating and issued a $27.00 price target on shares of Liberty Global in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $18.94.
Check Out Our Latest Stock Analysis on Liberty Global
Liberty Global Trading Up 0.8 %
NASDAQ:LBTYA traded up $0.11 during mid-day trading on Thursday, hitting $13.06. The company had a trading volume of 2,173,464 shares, compared to its average volume of 1,888,426. The firm has a market cap of $4.67 billion, a P/E ratio of -1.28 and a beta of 1.24. Liberty Global Ltd. has a fifty-two week low of $10.93 and a fifty-two week high of $21.56. The business's fifty day moving average is $17.51 and its two-hundred day moving average is $18.33. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.
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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