State Street Corp Buys 705,780 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

State Street Corp grew its stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 36.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,624,307 shares of the company's stock after purchasing an additional 705,780 shares during the period. State Street Corp owned about 0.73% of Liberty Global worth $55,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in LBTYA. Rubric Capital Management LP grew its holdings in Liberty Global by 43.7% during the 2nd quarter. Rubric Capital Management LP now owns 5,526,107 shares of the company's stock worth $96,320,000 after acquiring an additional 1,680,756 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company's stock valued at $98,079,000 after purchasing an additional 4,485,823 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Liberty Global by 2.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,658,338 shares of the company's stock worth $63,765,000 after purchasing an additional 82,560 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Liberty Global by 212.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,289,441 shares of the company's stock worth $57,336,000 after buying an additional 2,236,696 shares during the period. Finally, ACR Alpine Capital Research LLC increased its stake in shares of 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 valued at $53,317,000 after buying an additional 314,726 shares during the period. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.51% of the stock is currently owned by insiders.

Liberty Global Stock Performance

LBTYA traded up $0.25 during trading on Thursday, hitting $12.51. 3,041,535 shares of the company traded hands, compared to its average volume of 1,896,361. Liberty Global Ltd. has a one year low of $10.93 and a one year high of $21.56. The stock's fifty day moving average is $16.70 and its 200 day moving average is $18.21. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.47 billion, a P/E ratio of -1.23 and a beta of 1.24.

Wall Street Analysts Forecast Growth

LBTYA has been the subject of several recent analyst reports. Bank of America cut shares of Liberty Global from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft dropped 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. Benchmark reaffirmed a "buy" rating and set a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. UBS Group downgraded shares of Liberty Global from a "buy" rating to a "neutral" rating and dropped their target price for the company from $23.00 to $13.00 in a research report on Monday, November 18th. Finally, Barclays dropped their price objective on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating on the stock in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.94.

About Liberty Global

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.