Scientech Research LLC Purchases Shares of 79,751 Liberty Global Ltd. (NASDAQ:LBTYA)

Scientech Research LLC bought a new stake in Liberty Global Ltd. (NASDAQ:LBTYA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,751 shares of the company’s stock, valued at approximately $1,390,000.

Several other hedge funds also recently modified their holdings of the stock. Lighthouse Investment Partners LLC boosted its holdings in Liberty Global by 33.3% during the second quarter. Lighthouse Investment Partners LLC now owns 192,024 shares of the company’s stock worth $3,347,000 after purchasing an additional 47,956 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Liberty Global during the 2nd quarter worth approximately $2,317,000. Davidson Kempner Capital Management LP boosted its stake in shares of Liberty Global by 12.7% in the 2nd quarter. Davidson Kempner Capital Management LP now owns 97,067 shares of the company’s stock worth $1,692,000 after buying an additional 10,940 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Liberty Global by 63.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after acquiring an additional 601 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Liberty Global by 5.1% during the second quarter. Gabelli Funds LLC now owns 1,464,547 shares of the company’s stock valued at $25,527,000 after acquiring an additional 71,650 shares during the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Analyst Upgrades and Downgrades

LBTYA has been the subject of a number of recent analyst reports. Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Benchmark reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Liberty Global in a research report on Thursday, July 25th. Finally, Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They set a “buy” rating and a $25.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.26.

Liberty Global Price Performance

Liberty Global stock opened at $21.26 on Friday. The firm has a market capitalization of $7.92 billion, a P/E ratio of -3.29 and a beta of 1.16. Liberty Global Ltd. has a one year low of $15.01 and a one year high of $21.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.34 and a quick ratio of 1.34. The business has a fifty day moving average price of $19.47 and a 200-day moving average price of $17.94.

Liberty Global (NASDAQ:LBTYA) last posted its earnings results on Thursday, July 25th. The company reported $0.71 earnings per share for the quarter. Liberty Global had a negative return on equity of 10.72% and a negative net margin of 27.03%. The business had revenue of $1.87 billion during the quarter. As a group, equities research analysts forecast that Liberty Global Ltd. will post -0.61 EPS for the current year.

Liberty Global 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.