S&CO Inc. Makes New $4.65 Million Investment in Liberty Global Ltd $LBTYA

S&CO Inc. acquired a new position in shares of Liberty Global Ltd (NASDAQ:LBTYA) in the 2nd quarter, Holdings Channel reports. The fund acquired 422,835 shares of the company’s stock, valued at approximately $4,651,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Liberty Global by 75.0% in the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock valued at $149,543,000 after buying an additional 5,751,520 shares during the last quarter. Norges Bank purchased a new stake in Liberty Global in the fourth quarter valued at $42,238,000. Rubric Capital Management LP lifted its position in Liberty Global by 29.3% in the fourth quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock valued at $111,605,000 after acquiring an additional 2,268,065 shares during the last quarter. ACR Alpine Capital Research LLC boosted its stake 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 valued at $285,866,000 after acquiring an additional 2,097,847 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Liberty Global by 124.1% in the fourth quarter. Millennium Management LLC now owns 2,149,639 shares of the company’s stock valued at $23,947,000 after acquiring an additional 1,190,464 shares in the last quarter. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Stock Performance

Shares of Liberty Global stock opened at $10.47 on Friday. The firm’s fifty day simple moving average is $10.91 and its 200-day simple moving average is $11.63. Liberty Global Ltd has a 12 month low of $9.43 and a 12 month high of $13.52. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of -1.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.28 and a quick ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last issued its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.59). Liberty Global had a negative return on equity of 28.83% and a negative net margin of 62.12%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.34 billion. As a group, equities analysts forecast that Liberty Global Ltd will post -1.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

LBTYA has been the topic of a number of research analyst reports. Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Pivotal Research reissued a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a report on Monday, May 4th. UBS Group decreased their target price on Liberty Global from $12.10 to $11.90 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Global in a research note on Friday, July 31st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.30.

Insider Activity at Liberty Global

In other news, Director J David Wargo sold 55,000 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $11.54, for a total transaction of $634,700.00. Following the completion of the sale, the director owned 53,876 shares in the company, valued at approximately $621,729.04. This represents a 50.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.34% of the company’s stock.

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.