Empowered Funds LLC Purchases New Stake in Liberty Global Ltd. (NASDAQ:LBTYA)

Empowered Funds LLC acquired a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYA) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 30,207 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds have also recently bought and sold shares of LBTYA. EverSource Wealth Advisors LLC boosted its holdings in shares of Liberty Global by 63.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,545 shares of the company’s stock valued at $27,000 after purchasing an additional 601 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Liberty Global by 110.3% during the 3rd quarter. Blue Trust Inc. now owns 1,859 shares of the company’s stock worth $39,000 after buying an additional 975 shares during the last quarter. nVerses Capital LLC acquired a new stake in Liberty Global in the second quarter valued at about $75,000. Whittier Trust Co. grew its position in Liberty Global by 21,707.3% in the second quarter. Whittier Trust Co. now owns 8,941 shares of the company’s stock valued at $156,000 after acquiring an additional 8,900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Liberty Global by 4,512.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,948 shares of the company’s stock worth $156,000 after acquiring an additional 8,754 shares in the last quarter. 37.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Benchmark restated a “buy” rating and issued a $27.00 price target on shares of Liberty Global in a research note on Tuesday, October 29th. Citigroup initiated coverage on shares of Liberty Global in a research report on Friday, August 9th. They issued a “buy” rating and a $25.00 target price on the stock. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $23.00 to $13.00 in a research note on Monday, November 18th. Finally, Bank of America upgraded Liberty Global from an “underperform” rating to a “neutral” rating and increased their price target for the company from $15.50 to $21.30 in a research note on Monday, August 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.90.

Liberty Global Trading Up 0.5 %

Shares of NASDAQ LBTYA opened at $13.32 on Friday. The firm has a 50 day moving average price of $19.41 and a two-hundred day moving average price of $18.62. The stock has a market cap of $4.76 billion, a P/E ratio of -1.31 and a beta of 1.18. Liberty Global Ltd. has a 52-week low of $10.93 and a 52-week high of $21.56. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.19 and a current ratio of 1.19.

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.