Public Employees Retirement System of Ohio purchased a new stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 60,238 shares of the company's stock, valued at approximately $1,272,000.
Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its stake in Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company's stock valued at $27,000 after purchasing an additional 601 shares during the period. Blue Trust Inc. raised its position in Liberty Global by 110.3% during the third quarter. Blue Trust Inc. now owns 1,859 shares of the company's stock valued at $39,000 after buying an additional 975 shares during the period. nVerses Capital LLC purchased a new stake in Liberty Global in the 2nd quarter worth about $75,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Global by 4,512.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company's stock worth $156,000 after acquiring an additional 8,754 shares during the period. Finally, Whittier Trust Co. grew its stake in Liberty Global by 21,707.3% during the 2nd quarter. Whittier Trust Co. now owns 8,941 shares of the company's stock valued at $156,000 after acquiring an additional 8,900 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company's stock.
Liberty Global Price Performance
NASDAQ:LBTYA traded up $0.25 during trading hours on Thursday, reaching $12.51. The company had a trading volume of 3,041,535 shares, compared to its average volume of 1,896,361. 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 stock has a 50-day moving average of $16.53 and a two-hundred day moving average of $18.17. Liberty Global Ltd. has a one year low of $10.93 and a one year high of $21.56. The firm has a market capitalization of $4.47 billion, a PE ratio of -1.23 and a beta of 1.24.
Insider Activity at Liberty Global
In other news, CFO Charles H. R. Bracken sold 84,103 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.56, for a total transaction of $1,224,539.68. Following the sale, the chief financial officer now directly owns 53,312 shares of the company's stock, valued at $776,222.72. This represents a 61.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.51% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on LBTYA. Benchmark restated a "buy" rating and issued a $27.00 target price on shares of Liberty Global in a research note on Tuesday, October 29th. Bank of America cut Liberty Global from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $13.10 to $12.60 in a research note on Friday, December 6th. UBS Group lowered shares of Liberty Global from a "buy" rating to a "neutral" rating and cut their price objective for the company from $23.00 to $13.00 in a research report on Monday, November 18th. Barclays decreased their target price on shares of Liberty Global from $20.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Global from $38.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $18.94.
Read Our Latest Analysis on Liberty Global
About Liberty Global
(
Free Report)
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.
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