ARGA Investment Management LP Increases Position in Liberty Global Ltd (NASDAQ:LBTYA)

ARGA Investment Management LP increased its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 34.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,361,865 shares of the company’s stock after buying an additional 351,133 shares during the quarter. Liberty Global accounts for about 0.5% of ARGA Investment Management LP’s investment portfolio, making the stock its 22nd biggest holding. ARGA Investment Management LP’s holdings in Liberty Global were worth $15,675,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in shares of Liberty Global by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 470,132 shares of the company’s stock valued at $5,999,000 after buying an additional 1,615 shares during the last quarter. Voya Investment Management LLC lifted its position in Liberty Global by 5.6% during the fourth quarter. Voya Investment Management LLC now owns 64,960 shares of the company’s stock valued at $829,000 after purchasing an additional 3,437 shares during the period. Sterling Capital Management LLC lifted its position in Liberty Global by 16.7% during the fourth quarter. Sterling Capital Management LLC now owns 25,321 shares of the company’s stock valued at $323,000 after purchasing an additional 3,619 shares during the period. Swiss National Bank lifted its position in Liberty Global by 1.2% during the fourth quarter. Swiss National Bank now owns 323,000 shares of the company’s stock valued at $4,121,000 after purchasing an additional 3,800 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Liberty Global by 14.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,316 shares of the company’s stock valued at $412,000 after purchasing an additional 4,128 shares during the period. 37.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LBTYA. Citigroup decreased their target price on shares of Liberty Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, May 28th. UBS Group decreased their target price on shares of Liberty Global from $13.00 to $10.60 and set a “neutral” rating for the company in a research report on Monday, May 12th. Barclays set a $11.00 target price on shares of Liberty Global and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Finally, Berenberg Bank upgraded shares of Liberty Global to a “hold” rating in a research report on Thursday, June 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.94.

Liberty Global Trading Down 0.3%

Shares of Liberty Global stock opened at $9.93 on Tuesday. The firm has a 50-day simple moving average of $9.79 and a two-hundred day simple moving average of $10.89. The company has a market cap of $3.43 billion, a P/E ratio of -10.24 and a beta of 1.14. Liberty Global Ltd has a fifty-two week low of $9.03 and a fifty-two week high of $21.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.95 and a current ratio of 0.95.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Friday, May 2nd. The company reported ($3.84) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.83) by ($3.01). The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Global had a negative return on equity of 1.15% and a negative net margin of 4.25%. As a group, equities analysts predict that Liberty Global Ltd 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.