Hussman Strategic Advisors Inc. purchased a new position in shares of Liberty Global Ltd. (NASDAQ:LBTYA – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $536,000.
A number of other large investors have also recently bought and sold shares of LBTYA. Barclays PLC boosted its holdings in shares of Liberty Global by 153.2% in the 3rd quarter. Barclays PLC now owns 496,045 shares of the company’s stock valued at $10,471,000 after buying an additional 300,126 shares during the last quarter. ING Groep NV acquired a new stake in shares of Liberty Global in the 3rd quarter valued at approximately $12,953,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Liberty Global by 2,799.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock valued at $98,079,000 after buying an additional 4,485,823 shares during the last quarter. State Street Corp boosted its holdings in shares of Liberty Global by 36.8% in the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after buying an additional 705,780 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty Global by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,188 shares of the company’s stock valued at $595,000 after buying an additional 606 shares during the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.
Insiders Place Their Bets
In related news, CFO Charles H. R. Bracken sold 84,103 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the transaction, the chief financial officer now owns 53,312 shares in the company, valued at approximately $776,222.72. This trade represents a 61.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Nicholas V. Tompras sold 57,000 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $12.94, for a total value of $737,580.00. Following the completion of the transaction, the insider now owns 16,153 shares in the company, valued at $209,019.82. The trade was a 77.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.51% of the company’s stock.
Liberty Global Stock Up 2.1 %
Liberty Global (NASDAQ:LBTYA – Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $6.33 earnings per share for the quarter, topping the consensus estimate of ($0.92) by $7.25. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Liberty Global had a return on equity of 9.04% and a net margin of 23.09%. On average, equities analysts anticipate that Liberty Global Ltd. will post -1.35 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Bank of America downgraded Liberty Global from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $13.10 to $12.60 in a report on Friday, December 6th. Barclays cut their price target on Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, November 25th. Sanford C. Bernstein downgraded Liberty Global from an “outperform” rating to a “market perform” rating and cut their price target for the company from $24.70 to $12.40 in a report on Thursday, January 23rd. UBS Group downgraded Liberty Global from a “buy” rating to a “neutral” rating and cut their price target for the company from $23.00 to $13.00 in a report on Monday, November 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.75.
Get Our Latest Analysis on Liberty Global
Liberty Global Company 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.
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