Maven Securities LTD Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYA)

Maven Securities LTD reduced its stake in Liberty Global Ltd. (NASDAQ:LBTYA) by 72.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the company’s stock after selling 146,912 shares during the period. Maven Securities LTD’s holdings in Liberty Global were worth $959,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LBTYA. EverSource Wealth Advisors LLC increased its holdings in Liberty Global by 63.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock worth $27,000 after acquiring an additional 601 shares during the period. ARGA Investment Management LP raised its position in shares of Liberty Global by 1.7% in the first quarter. ARGA Investment Management LP now owns 94,600 shares of the company’s stock worth $1,601,000 after buying an additional 1,591 shares in the last quarter. Wedbush Securities Inc. boosted its stake in Liberty Global by 13.3% during the second quarter. Wedbush Securities Inc. now owns 15,778 shares of the company’s stock valued at $275,000 after buying an additional 1,855 shares during the period. Bfsg LLC grew its position in Liberty Global by 27.1% during the second quarter. Bfsg LLC now owns 11,030 shares of the company’s stock worth $192,000 after buying an additional 2,349 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Liberty Global by 15.8% in the 2nd quarter. SG Americas Securities LLC now owns 20,514 shares of the company’s stock worth $358,000 after acquiring an additional 2,801 shares during the last quarter. 37.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on LBTYA. Bank of America upgraded shares of Liberty Global from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $15.50 to $21.30 in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft raised their price target on Liberty Global from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Citigroup started coverage on Liberty Global in a report on Friday, August 9th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, Benchmark reissued a “buy” rating and set a $27.00 price objective on shares of Liberty Global in a report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Liberty Global currently has a consensus rating of “Moderate Buy” and an average target price of $24.26.

Liberty Global Price Performance

Shares of LBTYA stock opened at $21.23 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.34. Liberty Global Ltd. has a fifty-two week low of $15.01 and a fifty-two week high of $21.56. The firm has a market cap of $7.91 billion, a P/E ratio of -3.28 and a beta of 1.16. The business’s 50 day moving average price is $19.61 and its 200-day moving average price is $18.04.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.71 earnings per share (EPS) for the quarter. Liberty Global had a negative net margin of 27.03% and a negative return on equity of 10.72%. The business had revenue of $1.87 billion for the quarter. On average, equities research analysts anticipate that Liberty Global Ltd. will post -0.61 earnings per share 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.