Norges Bank Invests $48.38 Million in Liberty Global Ltd. (NASDAQ:LBTYA)

Norges Bank acquired a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,791,590 shares of the company's stock, valued at approximately $48,381,000. Norges Bank owned about 1.06% of Liberty Global as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp grew its position in Liberty Global by 8.2% during the third quarter. Stifel Financial Corp now owns 12,717 shares of the company's stock valued at $268,000 after buying an additional 968 shares during the period. Blue Trust Inc. boosted its stake in Liberty Global by 58.1% in the fourth quarter. Blue Trust Inc. now owns 2,940 shares of the company's stock valued at $38,000 after acquiring an additional 1,081 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Liberty Global by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company's stock worth $5,999,000 after purchasing an additional 1,615 shares during the last quarter. Swiss National Bank increased its stake in shares of Liberty Global by 1.2% during the 4th quarter. Swiss National Bank now owns 323,000 shares of the company's stock worth $4,121,000 after purchasing an additional 3,800 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Liberty Global by 13.1% in the 4th quarter. Empowered Funds LLC now owns 34,177 shares of the company's stock worth $436,000 after purchasing an additional 3,970 shares during the period. Institutional investors own 37.20% of the company's stock.

Liberty Global Price Performance

Shares of Liberty Global stock traded up $0.62 on Wednesday, reaching $10.64. The stock had a trading volume of 2,307,279 shares, compared to its average volume of 2,048,901. The business's 50 day moving average is $11.29 and its two-hundred day moving average is $14.18. The company has a current ratio of 1.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. Liberty Global Ltd. has a 1 year low of $9.84 and a 1 year high of $21.56. The company has a market cap of $3.71 billion, a P/E ratio of 2.54 and a beta of 1.25.

Liberty Global (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, beating the consensus estimate of ($0.92) by $7.25. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. As a group, research analysts anticipate that Liberty Global Ltd. will post -1.35 EPS for the current year.

Analyst Upgrades and Downgrades

LBTYA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Sanford C. Bernstein cut Liberty Global from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $24.70 to $12.40 in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $17.43.

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.