Simplex Trading LLC Decreases Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Simplex Trading LLC decreased its holdings in shares of Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 43.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 123,139 shares of the company's stock after selling 96,150 shares during the period. Simplex Trading LLC's holdings in Liberty Global were worth $1,571,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Liberty Global in the 3rd quarter valued at $452,000. FMR LLC increased its holdings in shares of Liberty Global by 24.3% in the third quarter. FMR LLC now owns 430,439 shares of the company's stock valued at $9,087,000 after purchasing an additional 84,247 shares during the period. Quantbot Technologies LP raised its stake in shares of Liberty Global by 104.0% in the third quarter. Quantbot Technologies LP now owns 63,424 shares of the company's stock worth $1,339,000 after purchasing an additional 32,333 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Liberty Global during the third quarter worth about $3,110,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Global by 98.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,796 shares of the company's stock valued at $376,000 after buying an additional 8,848 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company's stock.

Analyst Upgrades and Downgrades

LBTYA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Liberty Global from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $24.70 to $12.40 in a research report on Thursday, January 23rd. Finally, Bank of America downgraded Liberty Global from a "neutral" rating to an "underperform" rating and cut their price target for the stock from $13.10 to $12.60 in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $17.43.

Liberty Global Stock Performance

LBTYA traded up $0.02 on Wednesday, reaching $11.51. The stock had a trading volume of 1,574,174 shares, compared to its average volume of 2,020,569. The business's 50-day moving average price is $11.48 and its two-hundred day moving average price is $14.63. The company has a market cap of $4.01 billion, a P/E ratio of 2.75 and a beta of 1.27. Liberty Global Ltd. has a 12-month low of $10.55 and a 12-month high of $21.56. 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 (NASDAQ:LBTYA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share 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 analyst estimates of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. Sell-side analysts forecast that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

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.