Contour Asset Management LLC Has $57.74 Million Stake in Liberty Global Ltd $LBTYA

Contour Asset Management LLC raised its stake in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 19.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,183,133 shares of the company’s stock after purchasing an additional 857,244 shares during the period. Liberty Global makes up approximately 1.3% of Contour Asset Management LLC’s portfolio, making the stock its 23rd biggest holding. Contour Asset Management LLC owned about 1.54% of Liberty Global worth $57,740,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LBTYA. Quarry LP acquired a new position in Liberty Global during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Global by 79.5% in 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 during the last quarter. Rothschild Investment LLC boosted its stake in shares of Liberty Global by 207.4% in the 3rd quarter. Rothschild Investment LLC now owns 2,982 shares of the company’s stock worth $34,000 after buying an additional 2,012 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Liberty Global in the 3rd quarter worth approximately $42,000. Finally, Headlands Technologies LLC purchased a new position in shares of Liberty Global in the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 37.20% of the company’s stock.

Liberty Global Price Performance

Liberty Global stock opened at $11.41 on Thursday. Liberty Global Ltd has a 12 month low of $9.62 and a 12 month high of $13.52. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.79. The business’s 50 day simple moving average is $12.05 and its 200 day simple moving average is $11.71. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -0.71 and a beta of 0.92.

Liberty Global (NASDAQ:LBTYA) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.96 EPS for the quarter, beating the consensus estimate of ($0.35) by $1.31. Liberty Global had a negative return on equity of 47.65% and a negative net margin of 109.64%.The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.27 billion. Sell-side analysts forecast that Liberty Global Ltd will post -1.38 EPS for the current year.

Analysts Set New Price Targets

LBTYA has been the topic of a number of research analyst reports. UBS Group boosted their target price on Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a research note on Tuesday, March 31st. Weiss Ratings downgraded Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 4th. Pivotal Research restated a “buy” rating and issued a $18.00 target price on shares of Liberty Global in a research note on Monday, May 4th. Finally, Zacks Research upgraded Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $16.15.

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.