Liberty Global Ltd. (NASDAQ:LBTYA) Receives $17.75 Average Price Target from Brokerages

Liberty Global Ltd. (NASDAQ:LBTYA) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.75.

LBTYA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Global from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, January 29th. UBS Group cut shares of Liberty Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $23.00 to $13.00 in a report on Monday, November 18th. Sanford C. Bernstein cut shares of Liberty Global from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $24.70 to $12.40 in a research note on Thursday, January 23rd. Bank of America cut shares of Liberty Global from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $13.10 to $12.60 in a research note on Friday, December 6th. Finally, Barclays decreased their price target on shares of Liberty Global from $20.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 25th.

Insider Activity at Liberty Global

In related news, major shareholder Nicholas V. Tompras sold 57,000 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $12.94, for a total value of $737,580.00. Following the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.51% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Global

Several hedge funds have recently modified their holdings of LBTYA. ACR Alpine Capital Research LLC boosted its position in shares of Liberty Global by 333.3% in the fourth quarter. ACR Alpine Capital Research LLC now owns 17,376,978 shares of the company’s stock worth $221,730,000 after acquiring an additional 13,366,743 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Liberty Global by 2,799.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,646,088 shares of the company’s stock worth $98,079,000 after acquiring an additional 4,485,823 shares during the last quarter. Norges Bank acquired a new stake in shares of Liberty Global in the fourth quarter worth approximately $48,381,000. Wolf Hill Capital Management LP acquired a new stake in shares of Liberty Global in the fourth quarter worth approximately $27,413,000. Finally, Contour Asset Management LLC acquired a new stake in shares of Liberty Global in the fourth quarter worth approximately $25,730,000. 37.20% of the stock is owned by institutional investors and hedge funds.

Liberty Global Price Performance

Shares of LBTYA opened at $11.86 on Friday. Liberty Global has a fifty-two week low of $10.55 and a fifty-two week high of $21.56. The firm’s 50 day moving average price is $11.55 and its 200 day moving average price is $15.28. The company has a market cap of $4.14 billion, a P/E ratio of 2.83 and a beta of 1.27. The company has a quick ratio of 1.19, a current ratio of 1.05 and a debt-to-equity ratio of 0.65.

Liberty Global (NASDAQ:LBTYA) last announced its earnings results 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. Liberty Global had a net margin of 23.09% and a return on equity of 9.83%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.84 billion. On average, research analysts forecast that Liberty Global will post -1.35 earnings per share for the current fiscal year.

About Liberty Global

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.