Liberty Global Ltd (NASDAQ:LBTYA) Receives Average Recommendation of “Hold” from Analysts

Shares of Liberty Global Ltd (NASDAQ:LBTYA) have earned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.2250.

LBTYA has been the subject of several analyst reports. Pivotal Research restated a “buy” rating and set a $18.00 target price on shares of Liberty Global in a research report on Monday, May 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Global in a research report on Friday, July 31st. Barclays dropped their price objective on Liberty Global from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 18th. Finally, UBS Group reduced their target price on shares of Liberty Global from $12.10 to $11.90 and set a “neutral” rating on the stock in a research note on Tuesday, August 4th.

Liberty Global Price Performance

Shares of Liberty Global stock opened at $10.67 on Monday. The firm has a market cap of $3.64 billion, a P/E ratio of -1.19 and a beta of 0.94. The firm’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $11.60. Liberty Global has a twelve month low of $9.43 and a twelve month high of $13.52. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 1.28.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings results on Friday, July 24th. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.34 billion. As a group, research analysts expect that Liberty Global will post -1.54 EPS for the current fiscal year.

Insider Transactions at Liberty Global

In related news, Director J David Wargo sold 55,000 shares of Liberty Global 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 transaction, the director directly owned 53,876 shares of the company’s stock, valued at $621,729.04. This trade represents a 50.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.34% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Global

Several hedge funds have recently modified their holdings of the company. Corient Private Wealth LP raised its stake in shares of Liberty Global by 8.3% in the second quarter. Corient Private Wealth LP now owns 116,258 shares of the company’s stock valued at $1,322,000 after acquiring an additional 8,900 shares during the last quarter. California State Teachers Retirement System grew its position in Liberty Global by 1,003.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,997,800 shares of the company’s stock worth $22,715,000 after acquiring an additional 1,816,796 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Liberty Global during the 2nd quarter worth approximately $405,000. Trust Co. of Vermont acquired a new stake in Liberty Global during the 2nd quarter valued at $76,000. Finally, Bank of New York Mellon Corp bought a new position in Liberty Global in the 2nd quarter valued at $3,529,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

About Liberty Global

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.