Liberty Global Ltd. (NASDAQ:LBTYA) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of Liberty Global Ltd. (NASDAQ:LBTYA) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 470,132 shares of the company’s stock after acquiring an additional 1,615 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Global were worth $5,999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Liberty Global by 153.2% in the third quarter. Barclays PLC now owns 496,045 shares of the company’s stock valued at $10,471,000 after purchasing an additional 300,126 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 acquiring an additional 4,485,823 shares during the last quarter. State Street Corp increased its holdings in Liberty Global by 36.8% during the 3rd quarter. State Street Corp now owns 2,624,307 shares of the company’s stock valued at $55,399,000 after acquiring an additional 705,780 shares in the last quarter. HighTower Advisors LLC acquired a new position in Liberty Global during the third quarter worth about $445,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Liberty Global by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 611,380 shares of the company’s stock valued at $12,906,000 after purchasing an additional 31,259 shares in the last quarter. 37.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $12.94, for a total transaction of $737,580.00. Following the completion of the sale, the insider now owns 16,153 shares of the company’s stock, valued at approximately $209,019.82. This represents a 77.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.51% of the company’s stock.

Liberty Global Trading Up 0.5 %

NASDAQ LBTYA opened at $11.51 on Monday. The company has a market cap of $4.01 billion, a P/E ratio of 2.75 and a beta of 1.27. Liberty Global Ltd. has a 12 month low of $10.55 and a 12 month high of $21.56. 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 company has a 50-day moving average of $11.57 and a 200-day moving average of $15.33.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $6.33 EPS for the quarter, topping the consensus estimate of ($0.92) by $7.25. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.84 billion. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. As a group, equities analysts predict that Liberty Global Ltd. will post -1.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LBTYA. Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a research report 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 report on Friday, December 6th. UBS Group cut Liberty Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $23.00 to $13.00 in a research report on Monday, November 18th. Barclays reduced their target price on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 25th. Finally, Sanford C. Bernstein downgraded shares of Liberty Global from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $24.70 to $12.40 in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.75.

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.