Clearline Capital LP Purchases 900,419 Shares of Liberty Global Ltd $LBTYA

Clearline Capital LP increased its position in shares of Liberty Global Ltd (NASDAQ:LBTYA) by 501.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,080,073 shares of the company’s stock after buying an additional 900,419 shares during the period. Clearline Capital LP owned 0.32% of Liberty Global worth $12,032,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LBTYA. AQR Capital Management LLC boosted its holdings in shares of Liberty Global by 75.0% during the 4th quarter. AQR Capital Management LLC now owns 13,423,957 shares of the company’s stock worth $149,543,000 after buying an additional 5,751,520 shares during the period. Norges Bank bought a new stake in shares of Liberty Global during the 4th quarter worth $42,238,000. Rubric Capital Management LP boosted its holdings in shares of Liberty Global by 29.3% during the 4th quarter. Rubric Capital Management LP now owns 10,018,432 shares of the company’s stock worth $111,605,000 after buying an additional 2,268,065 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Liberty Global by 35.2% during the 4th quarter. Vanguard Group Inc. now owns 4,551,242 shares of the company’s stock worth $50,701,000 after buying an additional 1,185,935 shares during the period. Finally, Highland Peak Capital LLC bought a new stake in shares of Liberty Global during the 3rd quarter worth $13,294,000. 37.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Pivotal Research reaffirmed a “buy” rating and set a $18.00 price objective on shares of Liberty Global in a report on Monday, May 4th. Weiss Ratings downgraded shares of Liberty Global from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 4th. UBS Group upped their price objective on shares of Liberty Global from $12.00 to $12.60 and gave the stock a “neutral” rating in a report on Tuesday, March 31st. Finally, Zacks Research upgraded shares of Liberty Global from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.15.

Liberty Global Price Performance

NASDAQ:LBTYA opened at $11.41 on Thursday. The stock has a market cap of $3.86 billion, a P/E ratio of -0.71 and a beta of 0.92. Liberty Global Ltd has a one year low of $9.62 and a one year high of $13.52. The company has a fifty day moving average price of $12.05 and a 200 day moving average price of $11.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.11 and a quick ratio of 1.11.

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

Liberty Global Company 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.