Hi Line Capital Management LLC Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Hi Line Capital Management LLC lowered its holdings in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 19.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 846,841 shares of the company's stock after selling 203,927 shares during the quarter. Liberty Global accounts for about 8.8% of Hi Line Capital Management LLC's investment portfolio, making the stock its 2nd largest position. Hi Line Capital Management LLC owned about 0.23% of Liberty Global worth $17,877,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock worth $27,000 after acquiring an additional 601 shares during the period. Blue Trust Inc. lifted its position in shares of Liberty Global by 110.3% in the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company's stock worth $39,000 after acquiring an additional 975 shares during the period. nVerses Capital LLC bought a new stake in shares of Liberty Global in the 2nd quarter worth approximately $75,000. Central Pacific Bank Trust Division bought a new stake in shares of Liberty Global in the 1st quarter worth approximately $91,000. Finally, Whittier Trust Co. lifted its position in shares of Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company's stock worth $156,000 after buying an additional 8,900 shares during the period. Institutional investors and hedge funds own 37.20% of the company's stock.

Liberty Global Stock Up 3.6 %

Shares of LBTYA stock traded up $0.72 on Friday, hitting $20.53. 1,034,394 shares of the stock were exchanged, compared to its average volume of 1,728,474. The company has a current ratio of 1.19, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $7.50 billion, a P/E ratio of -1.95 and a beta of 1.17. The business has a 50-day moving average of $20.40 and a 200 day moving average of $18.61. Liberty Global Ltd. has a fifty-two week low of $15.29 and a fifty-two week high of $21.56.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Benchmark restated a "buy" rating and set a $27.00 target price on shares of Liberty Global in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on Liberty Global from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, July 12th. Citigroup initiated coverage on Liberty Global in a report on Friday, August 9th. They set a "buy" rating and a $25.00 price target for the company. Finally, Bank of America raised Liberty Global from an "underperform" rating to a "neutral" rating and raised their price target for the company from $15.50 to $21.30 in a report on Monday, August 12th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $24.26.

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.