Renaissance Technologies LLC Has $79.36 Million Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Renaissance Technologies LLC lessened its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,552,952 shares of the company's stock after selling 33,900 shares during the quarter. Renaissance Technologies LLC owned 1.22% of Liberty Global worth $79,358,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in Liberty Global during the 4th quarter worth approximately $452,000. Norges Bank bought a new stake in Liberty Global in the 4th quarter valued at $73,550,000. Wells Fargo & Company MN boosted its stake in Liberty Global by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 533,309 shares of the company's stock worth $9,477,000 after purchasing an additional 50,789 shares during the period. Oxford Asset Management LLP acquired a new position in Liberty Global in the 4th quarter worth $622,000. Finally, Hsbc Holdings PLC increased its holdings in Liberty Global by 168.4% during the 4th quarter. Hsbc Holdings PLC now owns 97,621 shares of the company's stock worth $1,726,000 after purchasing an additional 61,244 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on LBTYA. Benchmark reaffirmed a "buy" rating and set a $27.00 price target on shares of Liberty Global in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Liberty Global from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Friday, July 12th. Citigroup assumed coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a "buy" rating and a $25.00 price target on the stock. Finally, Bank of America upgraded Liberty Global from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $15.50 to $21.30 in a report on Monday, August 12th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.26.

Liberty Global Stock Performance

Liberty Global stock traded down $0.03 during trading hours on Tuesday, hitting $20.37. The company had a trading volume of 1,577,849 shares, compared to its average volume of 1,751,210. The firm has a 50-day moving average of $19.18 and a 200 day moving average of $17.77. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The firm has a market cap of $7.59 billion, a PE ratio of -3.15 and a beta of 1.16. Liberty Global Ltd. has a one year low of $15.01 and a one year high of $20.60.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The firm had revenue of $1.87 billion for the quarter. On average, sell-side analysts expect that Liberty Global Ltd. will post -0.61 earnings per share for the current year.

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.