KLP Kapitalforvaltning AS purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 52,500 shares of the company's stock, valued at approximately $670,000.
Other hedge funds have also modified their holdings of the company. ACR Alpine Capital Research LLC boosted its stake in shares of Liberty Global by 333.3% during the 4th quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company's stock worth $221,730,000 after purchasing an additional 13,366,743 shares during the last quarter. State Street Corp lifted its stake in shares of Liberty Global by 36.8% during the third quarter. State Street Corp now owns 2,624,307 shares of the company's stock valued at $55,399,000 after buying an additional 705,780 shares during the period. Geode Capital Management LLC boosted its position in Liberty Global by 6.7% during the third quarter. Geode Capital Management LLC now owns 2,262,910 shares of the company's stock worth $47,778,000 after acquiring an additional 141,749 shares during the last quarter. ARGA Investment Management LP raised its holdings in Liberty Global by 72.1% in the 4th quarter. ARGA Investment Management LP now owns 1,010,732 shares of the company's stock valued at $12,897,000 after acquiring an additional 423,526 shares during the last quarter. Finally, Candriam S.C.A. increased its stake in Liberty Global by 273.6% in the fourth quarter. Candriam S.C.A. now owns 807,651 shares of the company's stock valued at $10,306,000 after purchasing an additional 591,498 shares during the last quarter. 37.20% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on LBTYA shares. Sanford C. Bernstein lowered Liberty Global from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $24.70 to $12.40 in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Liberty Global currently has an average rating of "Hold" and a consensus price target of $17.43.
Get Our Latest Research Report on Liberty Global
Liberty Global Trading Down 6.5 %
LBTYA stock traded down $0.72 during midday trading on Friday, reaching $10.30. 3,249,138 shares of the company's stock traded hands, compared to its average volume of 2,037,307. The business has a 50-day moving average price of $11.43 and a two-hundred day moving average price of $14.45. Liberty Global Ltd. has a fifty-two week low of $10.22 and a fifty-two week 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 company has a market capitalization of $3.59 billion, a P/E ratio of 2.46 and a beta of 1.25.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.92) by $7.25. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Equities research analysts forecast that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.
Liberty Global Profile
(
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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