Candriam S.C.A. Makes New $1.52 Million Investment in Liberty Global Ltd $LBTYA

Candriam S.C.A. purchased a new position in Liberty Global Ltd (NASDAQ:LBTYA) during the first quarter, Holdings Channel reports. The fund purchased 125,586 shares of the company’s stock, valued at approximately $1,518,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC grew its position in Liberty Global by 9.7% in the first quarter. ACR Alpine Capital Research LLC now owns 23,644,817 shares of the company’s stock worth $285,866,000 after acquiring an additional 2,097,847 shares in the last quarter. Hsbc Holdings PLC raised its position in Liberty Global by 71.7% during the first quarter. Hsbc Holdings PLC now owns 82,462 shares of the company’s stock valued at $1,008,000 after purchasing an additional 34,425 shares in the last quarter. Counterpoint Mutual Funds LLC lifted its stake in Liberty Global by 37.2% during the first quarter. Counterpoint Mutual Funds LLC now owns 414,524 shares of the company’s stock worth $5,012,000 after purchasing an additional 112,370 shares during the last quarter. Private Advisor Group LLC lifted its stake in Liberty Global by 77.9% during the first quarter. Private Advisor Group LLC now owns 33,067 shares of the company’s stock worth $400,000 after purchasing an additional 14,476 shares during the last quarter. Finally, Anchyra Partners LLC boosted its holdings in shares of Liberty Global by 7.3% in the 1st quarter. Anchyra Partners LLC now owns 16,384 shares of the company’s stock worth $198,000 after purchasing an additional 1,114 shares in the last quarter. Hedge funds and other institutional investors own 37.20% of the company’s stock.

Liberty Global Stock Performance

Liberty Global stock opened at $10.73 on Wednesday. The firm has a fifty day simple moving average of $11.63 and a two-hundred day simple moving average of $11.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.79. Liberty Global Ltd has a twelve month low of $9.62 and a twelve month high of $13.52. The company has a market capitalization of $3.63 billion, a PE ratio of -0.67 and a beta of 0.93.

Liberty Global (NASDAQ:LBTYA) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $1.31. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%. Research analysts expect that Liberty Global Ltd will post -1.38 EPS for the current year.

Insiders Place Their Bets

In related news, Director J David Wargo sold 55,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director directly owned 53,876 shares in the company, valued at $621,729.04. This represents a 50.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on LBTYA. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. UBS Group cut their target price on Liberty Global from $12.60 to $12.10 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings lowered Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Finally, Pivotal Research reiterated a “buy” rating and set a $18.00 price target on shares of Liberty Global in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.02.

Liberty Global Profile

Liberty Global plc operates as a leading international telecommunications and television company, offering a wide array of broadband internet, digital cable television, fixed-line telephony and mobile services. Through its extensive fiber and hybrid-fiber coaxial networks, the company delivers high-speed internet connectivity, video on demand and interactive television platforms to residential and business customers. Its service portfolio includes digital voice, managed Wi-Fi solutions, home security and converged connectivity bundles designed to meet evolving consumer and enterprise demands.

The company’s footprint spans key European markets, including the United Kingdom and Ireland under the Virgin Media brand, the Netherlands through Ziggo, Belgium via Telenet, and operations in Switzerland, Germany, Austria, Poland and Luxembourg.