Renaissance Technologies LLC cut its stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 14.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,264,267 shares of the company's stock after selling 728,885 shares during the quarter. Renaissance Technologies LLC owned approximately 1.19% of Liberty Global worth $54,412,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of LBTYA. Invesco Ltd. lifted its holdings in Liberty Global by 2.6% in the 4th quarter. Invesco Ltd. now owns 323,684 shares of the company's stock worth $4,130,000 after purchasing an additional 8,096 shares during the last quarter. Wedbush Securities Inc. raised its stake in Liberty Global by 168.9% during the 4th quarter. Wedbush Securities Inc. now owns 42,336 shares of the company's stock valued at $540,000 after purchasing an additional 26,589 shares during the last quarter. First Wilshire Securities Management Inc. grew its stake in Liberty Global by 0.8% during the fourth quarter. First Wilshire Securities Management Inc. now owns 2,264,395 shares of the company's stock worth $28,894,000 after buying an additional 17,045 shares during the last quarter. Trexquant Investment LP raised its stake in shares of Liberty Global by 15.2% in the fourth quarter. Trexquant Investment LP now owns 369,084 shares of the company's stock valued at $4,710,000 after acquiring an additional 48,633 shares during the last quarter. Finally, Diametric Capital LP grew its position in Liberty Global by 61.4% during the 4th quarter. Diametric Capital LP now owns 72,880 shares of the company's stock worth $930,000 after acquiring an additional 27,732 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on LBTYA shares. Sanford C. Bernstein downgraded Liberty Global from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft cut their price target on Liberty Global from $23.00 to $20.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.43.
Read Our Latest Stock Analysis on Liberty Global
Liberty Global Stock Up 1.0 %
LBTYA stock traded up $0.11 during mid-day trading on Tuesday, hitting $10.62. 250,837 shares of the company were exchanged, compared to its average volume of 2,044,239. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.05. Liberty Global Ltd. has a 1-year low of $9.84 and a 1-year high of $21.56. The firm's 50 day simple moving average is $11.25 and its 200 day simple moving average is $13.91. The firm has a market cap of $3.70 billion, a P/E ratio of 2.53 and a beta of 1.25.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, beating analysts' consensus estimates of ($0.92) by $7.25. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.84 billion. On average, sell-side analysts predict that Liberty Global Ltd. will post -1.35 EPS for the current fiscal year.
Liberty Global Profile
(
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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