Lancaster Investment Management Has $47.60 Million Stock Holdings in Liberty Global Ltd $LBTYA

Lancaster Investment Management lessened its holdings in Liberty Global Ltd (NASDAQ:LBTYA) by 7.8% during the third quarter, HoldingsChannel.com reports. The firm owned 4,153,818 shares of the company’s stock after selling 352,980 shares during the period. Liberty Global accounts for 20.4% of Lancaster Investment Management’s portfolio, making the stock its 2nd biggest position. Lancaster Investment Management’s holdings in Liberty Global were worth $47,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Liberty Global by 79.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,795 shares of the company’s stock worth $28,000 after buying an additional 1,238 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Liberty Global in the second quarter valued at about $46,000. Headlands Technologies LLC bought a new stake in Liberty Global during the second quarter worth about $47,000. Cubist Systematic Strategies LLC acquired a new position in Liberty Global during the first quarter valued at approximately $64,000. Finally, CWM LLC grew its stake in Liberty Global by 280.8% in the second quarter. CWM LLC now owns 8,702 shares of the company’s stock valued at $87,000 after purchasing an additional 6,417 shares in the last quarter. Institutional investors own 37.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of Liberty Global from $11.80 to $12.60 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Zacks Research upgraded shares of Liberty Global to a “hold” rating in a research note on Wednesday, September 3rd. Finally, Citigroup boosted their price objective on shares of Liberty Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.00.

Liberty Global Trading Down 0.5%

LBTYA stock opened at $10.89 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $10.84. Liberty Global Ltd has a one year low of $9.02 and a one year high of $13.17. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of -1.79 and a beta of 1.05.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings data on Thursday, October 30th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $1.45 by ($1.72). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.23 billion. Liberty Global had a negative net margin of 41.44% and a negative return on equity of 14.71%. Equities analysts anticipate that Liberty Global Ltd will post -1.35 EPS for the current year.

Insiders Place Their Bets

In other Liberty Global news, CFO Charles H. R. Bracken sold 33,220 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $11.18, for a total value of $371,399.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.29% of the stock is currently owned by corporate insiders.

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.