Teacher Retirement System of Texas raised its stake in Liberty Global Ltd. (NASDAQ:LBTYA - Free Report) by 286.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 209,974 shares of the company's stock after acquiring an additional 155,580 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of Liberty Global worth $2,679,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Liberty Global during the 3rd quarter worth $452,000. FMR LLC increased its position in shares of Liberty Global by 24.3% during the 3rd quarter. FMR LLC now owns 430,439 shares of the company's stock worth $9,087,000 after purchasing an additional 84,247 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Liberty Global by 104.0% in the 3rd quarter. Quantbot Technologies LP now owns 63,424 shares of the company's stock valued at $1,339,000 after acquiring an additional 32,333 shares during the period. Clifford Capital Partners LLC purchased a new stake in Liberty Global in the third quarter valued at approximately $227,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Liberty Global during the 3rd quarter worth about $3,110,000. 37.20% of the stock is owned by hedge funds and other institutional investors.
Liberty Global Price Performance
Shares of NASDAQ LBTYA traded down $0.22 on Friday, hitting $11.50. The company's stock had a trading volume of 1,488,412 shares, compared to its average volume of 2,020,249. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 1.19. The stock has a 50 day moving average of $11.49 and a 200-day moving average of $14.80. Liberty Global Ltd. has a 12-month low of $10.55 and a 12-month high of $21.56. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 2.74 and a beta of 1.27.
Liberty Global (NASDAQ:LBTYA - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping analysts' consensus estimates of ($0.92) by $7.25. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.84 billion. Liberty Global had a return on equity of 9.83% and a net margin of 23.09%. As a group, research analysts predict that Liberty Global Ltd. will post -1.35 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Liberty Global from $23.00 to $20.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Bank of America downgraded Liberty Global from a "neutral" rating to an "underperform" rating and reduced their price objective for the company from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, Sanford C. Bernstein lowered 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 report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Liberty Global currently has an average rating of "Hold" and an average target price of $17.43.
Read Our Latest Report on LBTYA
Liberty Global Company 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.
Further Reading
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