Hi Line Capital Management LLC Sells 203,927 Shares of Liberty Global Ltd. (NASDAQ:LBTYA)

Hi Line Capital Management LLC decreased its position in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 19.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,841 shares of the company's stock after selling 203,927 shares during the period. Liberty Global accounts for about 8.8% of Hi Line Capital Management LLC's investment portfolio, making the stock its 2nd largest holding. Hi Line Capital Management LLC owned 0.23% of Liberty Global worth $17,877,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Liberty Global in the 1st quarter valued at about $311,000. Central Pacific Bank Trust Division acquired a new position in Liberty Global in the first quarter worth approximately $91,000. GSA Capital Partners LLP grew its position in Liberty Global by 100.5% in the first quarter. GSA Capital Partners LLP now owns 112,688 shares of the company's stock worth $1,907,000 after buying an additional 56,491 shares during the last quarter. Wittenberg Investment Management Inc. increased its holdings in shares of Liberty Global by 19.7% in the first quarter. Wittenberg Investment Management Inc. now owns 365,906 shares of the company's stock valued at $6,191,000 after buying an additional 60,108 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its position in shares of Liberty Global by 375.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 2,744,184 shares of the company's stock valued at $46,432,000 after acquiring an additional 2,166,932 shares during the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Liberty Global Stock Performance

NASDAQ:LBTYA traded up $0.70 during midday trading on Friday, reaching $20.51. The stock had a trading volume of 2,092,216 shares, compared to its average volume of 1,733,531. The stock has a market capitalization of $7.50 billion, a P/E ratio of -2.02 and a beta of 1.17. Liberty Global Ltd. has a 1-year low of $15.29 and a 1-year high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.19 and a quick ratio of 1.34. The firm's fifty day simple moving average is $20.44 and its 200-day simple moving average is $18.63.

Analyst Ratings Changes

A number of research firms have commented on LBTYA. Citigroup initiated coverage on shares of Liberty Global in a research note on Friday, August 9th. They set a "buy" rating and a $25.00 price objective for the company. Bank of America upgraded shares of Liberty Global from an "underperform" rating to a "neutral" rating and upped their price target for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Benchmark reiterated a "buy" rating and set a $27.00 price objective on shares of Liberty Global in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Liberty Global from $33.00 to $34.00 and gave the company a "buy" rating in a report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.26.

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.